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26 Oct 2021

Readen Holding Corporation (OTC Pink: RHCO) Announces OkePay’s Integration with Alipay and WeChat Pay

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READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced that OkePay, the comprehensive back-end Payment Platform operated by its 100% owned subsidiary OkePay Asia, has fully integrated with Alipay and WeChat Pay, two of the top digital payment platforms in the world. The integration not only enables OkePays users to seamlessly pay through Alipay, AlipayHK, WeChat Pay and WeChat Pay HK, but will also connect OkePays merchants with over 1.2 billion potential customers in China and the Asia Pacific region.

Alipay ( www.alipay.com ) is the worlds leading digital payment and lifestyle platform operated by Ant Group and established in 2004 by Alibaba Group and its founder Jack Ma. It overtook PayPal as the world's largest mobile payment platform in 2013 and has over 900 million active users today, serving over 1.3 billion users worldwide with its partners.

WeChat Pay ( pay.weixin.qq.com ) is a mobile payment and digital wallet service by WeChat based in China, that allows users make mobile payments and online transactions. WeChat is a Chinese multi-purpose instant messaging, social media and mobile payment app developed by Tencent. First released in 2011, it became the world's largest standalone mobile app in 2018, and has 1.24 billion active users today. As of 2021, WeChat Pay has over 900 million users.

OkePay, the comprehensive back-end Payment Platform operated by RHCO, can accept standard credit and debit cards, such as Visa, MasterCard, AMEX, UnionPay, and other mobile wallets and e-vouchers. The integration of Alipay and WeChat Pay propels OkePay to another level of global reach, further expanding its significant portfolio of payment methods. This enables OkePays clients to seamlessly market to the Alipay and WeChat Pay network of e-wallet holders. Merchants will be able to accept one-time and recurring payments from China and Asias leading local e-wallet holders in the currency relevant to that payment method.

Richard Klitsie, CEO of RHCO stated, "We always aim to provide more payment options that expand our clients potential customer base and realize more global commerce possibilities. OkePays integration with Alipay and WeChat Pay is a solid move to achieve our goal, and also an essential synergy of our OkeApp and E-commerce business."