03 April 2013

Hybrid PayTech Opens Office in Hong Kong

Montreal / Hong Kong – 02 April 2013 - HybridPaytech (HYBRID), a Freeport Capital subsidiary, announced that has expanded its global footprint by establishing a presence in Hong Kong with the formation of Hybrid Paytech Asia Pacific (Hong Kong) Limited. The new office will be headed by Ronald Chua, President. He will be working with major banking and payment partners to introduce Hybrid’s wide platform of mobile payment solutions to merchants throughout Asia Pacific. 

Currently, Hybrid will be launching the first payment & loyalty mobile application in Hong Kong through its partnership with Go Fun Card Limited. The project schedule for launch before mid-2013 in Hong Kong will further expand to other merchant platforms in mainland China, Macau and South East Asia, as Hybrid solidifies its partnership with key payment service providers and financial institutions over the next 6 months. 

Ronald Chua, President of Hybrid Paytech Asia Pacific (Hong Kong) Limited joins the company from a leading China-based payment solutions provider specializing in RMB debit card online payment processing. He brings to the company more than 20 years of experience in the payment and loyalty industries in the Asia Pacific where he has held senior management positions. 

First Equity Strategy LLC (DBA; Hybrid Paytech) is a subsidiary of Freeport Capital Inc. Based in Montreal, Canada; Hybrid Paytech is a technology leader in the mobile payment space for credit and debit acceptance. With a global footprint, Hybrid Paytech is an enabler of easily deployable payment systems focusing on authentication, approved security and quick merchant adoption in fleet, delivery, logistics and retail. 

Source: Freeport Capital Inc.