|Chimera Technology has announced that its latest initiative, www.724Pay.com, will facilitate Chimera's access to over 80% of the Chinese population. |
Chimera recently began the implementation of the payment gateway 724Pay.com which will service all Chimera's current and future licensees. It is anticipated that the payment gateway will be going live within the next 30 days.
Currently, China is home to more than 1.5 billion people, many of whom are avid gamblers. In the past, accepting funds from the Chinese population has proven to be very difficult, and as a result, the full market potential of China has never been tapped.
Statistics indicate that 80% of the Chinese population possesses some form of debit card issued by local banks. Chimera's payment gateway will gain access to this market through 724Pay's e-wallet system. This will allow individuals to fund their account online in local currency by simply using their debit cards and without having to visit the bank or conduct a bank wire. Funds are immediately available in gaming accounts with any of Chimera's licensees. All debit cards issued by the 20 banks in China are currently accepted by Chimera's 724Pay.
Chimera President Ken Chua stated, 'This is a very significant accomplishment for Chimera and its licensees. We have received a tremendous amount of inquiries about a reliable payment gateway catering to the Chinese market and now we have one.'