OnerWay In-Depth Report: Cross-Border Payment Solutions, Licenses, Partnerships & Challenges

🏢 Company Overview

• Founded: 2017
• Headquarters: Shanghai, China
• Global Presence: Offices in London, Shanghai, Hong Kong, Singapore, and Los Angeles
• Regulatory Licences:
  • UK EMI licence regulated by the Financial Conduct Authority (FCA)
  • Money Services Business (MSB) licence in the United States
  • Money Service Operator (MSO) licence in Hong Kong

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💳 Service Offerings

• Payment Processing: Supports over 30 global payment methods, including Visa, Mastercard, Alipay, WeChat Pay, Klarna, and iDeal
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• Fund Collection: Offers foreign exchange, settlement, and banking services
• E-Wallet Issuing: Provides global e-wallet solutions for merchants
• Risk Management: Implements intelligent risk control systems to ensure secure transactions
• Marketplace Settlements: Partners with ONPEX to deliver automated, multi-currency settlements for marketplaces like Amazon and eBay
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🚀 Growth and Partnerships

• Mastercard Principal Membership: Became a Principal Member of Mastercard in November 2021
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• Tribe Payments Collaboration: Enhanced acquirer processing capabilities with Tribe Payments
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• ONPEX Integration: Streamlined cross-border marketplace settlements with ONPEX
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💰 Funding and Financials

• Funding Rounds:
  • Series A: September 2018
  • Later Stage VC: November 2023
• Investors:
  • Enlight Growth Partners
  • GF Xinde Investment Management

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• Employee Count: Approximately 120 employees as of 2023

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🏆 Competitive Landscape

• Checkout.com: A global payment solutions provider
• Adyen: A Dutch payment company
• GoCardless: A UK-based fintech company
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⚠️ Challenges and Considerations

• Customer Support Issues: Reports of delayed fund withdrawals and unresponsive service
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• Technical Glitches: Users experienced payment errors
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📈 Strategic Outlook

• Expanding Service Offerings
• Strengthening Partnerships
• Enhancing Customer Experience

Conclusion

OnerWay has positioned itself as a key player in cross-border payment processing. Continued growth and resolution of current challenges are critical to maintaining its competitive advantage.