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Visa

Visa and @UK plc to roll out eprocurement platform CloudBuy into Asia Pacific

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By Stephen Lepitak, -

October 3, 2013 | 2 min read

Visa and eCommerce marketplace @UK plc are to expand CloudBuy, the cloud e-procurement system, into the Asia Pacific Region.

The partnership intends to roll out the platfrom, which will aim to deliver effective cost management for Governments and Enterprises into the region, next year.

Ronald Duncan chairman of @UK commented: "I am delighted that Visa have kicked off the cloudBuy marketing campaign in the Asia Pacific region. There will be a range of activities including events, road shows, conferences and other promotions in different regions up to the official launch which is expected to be in early 2014"

The partnership with Visa was agreed in rider to provide a safe and controller payment service between buyer and SME

"Economic forecasts in Asia Pacific markets, particularly the more developed ones, have called for austerity measures. We acknowledge that organizations are under pressure to cut costs and improve efficiencies quickly. They are looking for solutions that are not just quick fixes but provide sustainable cost management possibilities," explained Olivia Leong, regional head of enterprise & government payment solutions, commercial products for Visa, Asia Pacific, Central Europe, Middle East and Africa.

CloudBuy will be rolled out initially in Australia Later this year, before reaching Other markets during the first phase, including New Zealand, Singapore and Hong Kong.

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