Oceanpayment Partners with Mastercard to Issue Its First-Ever Payment Card to Empower Global Businesses

Oceanpayment's new Mastercard-powered virtual commercial credit card aims to help reduce the operational costs of multi-currency accounts while improving conversion rates

HONG KONG, Feb. 17, 2025 /PRNewswire/ -- Oceanpayment, a global digital payment solutions provider, and Mastercard today announced the launch of Oceanpayment's first-ever payment card, a Mastercard virtual commercial credit card. The new product is designed to help cross-border merchants reduce the operational costs of multi-currency accounts while improving conversion rates. Merchants can rapidly apply for and set up the Oceanpayment Card online, as the virtual card offers higher efficiency in overseas B2B payments to ensure seamless, compliant and secure cash flow management.

Simplifying financial management

According to the Virtual Card Benchmark Survey conducted by RPMG Research and commissioned by Mastercard, 85 percent of bank executives surveyed globally believe that virtual cards improve organizational processes including efficiency, reconciliation, system integrations and compliance.  Furthermore, 84 percent of them believe that virtual cards enhance cybersecurity, reduce fraud and increase data security. Through the new virtual Oceanpayment Card, businesses can now more easily address common financial management challenges associated with traditional cross-border transactions, including handling multiple currencies and real-time payments among many others, further optimizing their operational management.

Lanny Yang, Co-Founder and Chief Executive Officer of Oceanpayment, said, "Building on Oceanpayment's extensive expertise and experience in the acquiring space, and the deep integration with Mastercard's capabilities in enabling virtual card issuance, we are excited to launch our new card product, completing our all-in-one fund management solution to streamline payment acceptance and disbursement. Tailored to meet our merchants' needs with precision, this service simplifies money movement management and optimizes business cash flow, ultimately boosting overall operational efficiency for businesses."

Helena Chen, Managing Director, Hong Kong & Macau, Mastercard, said, "This partnership with Oceanpayment not only highlights Mastercard's commitment to delivering innovative, seamless and secure payment solutions, but also underlines the strength of its support for issuers. With B2B virtual card spend estimated to reach US$1.3 trillion by 2028^[1], Mastercard is pleased to be the preferred partner of choice for digital payments solutions, leveraging its expertise and experience in virtual cards, end-to-end support to issuers, as well as its global acceptance network."

Faster, safer, more stable payment without delays

The launch of a Mastercard Virtual Commercial Credit Card represents a key milestone in Oceanpayment's global digital payment infrastructure. This marks a significant evolution from transaction capabilities to a holistic ecosystem that brings simplicity, security and efficiency of digital payments into merchants' cash flow operations. By streamlining B2B payment processes and reducing transaction time, it empowers businesses to manage their working capital digitally.

The Oceanpayment Card eliminates transaction management and processing delays among consumers, merchants, international card schemes and issuing banks. It enables faster, safer and more stable payment interactions while improving merchants' operational efficiency, transparency and predictability. This reduces dependency on traditional and inefficient processes, offering a streamlined and optimized payment workflow.

Furthermore, the new virtual card empowers cross-border merchants to achieve intelligent, integrated cash flow management systems and provides diverse commercial payment support for global operations. By incorporating issuing services, merchants can significantly enhance the efficiency of international payments in both online and offline scenarios, including advertising, subscriptions, consumption, procurement and business travel. With Oceanpayment's automated and embedded solutions, merchants gain complete control over their financial visibilities, effectively minimizing operational friction.

The new Oceanpayment Card can effectively address operational pain points in cross-border payments and meet the diverse needs of business payment scenarios by providing merchants with more precise solutions, including:

• Integrated Transactions for Efficiency: all-in-one solution that integrates acquiring and issuing services, enabling seamless fund connectivity and significantly enhancing cash flow management efficiency.
• Instant Activation with Comprehensive Features: such as instant card activation and quick transactions. This enables a full-suite, one-stop service with deeply integrated multi-functional capabilities.
• Versatile Payment Scenarios: empowers merchants with diverse payment scenarios, supporting aviation, advertising subscriptions, procurement management, logistics and education.
• Shared Card Limits for Global Reach: supports major settlement currencies including HKD and USD, along with over 140 transaction currencies. It facilitates multi-currency shared limits and streamlined foreign exchange processes for a seamless payment experience.
• Membership with Secure and Global Coverage: As a Mastercard issuer, Oceanpayment has successfully tapped into Mastercard's global network, enabling extensive international payment coverage. It caters to merchants' diverse business payment needs, focusing on convenience, security and efficiency.

Oceanpayment: Simplifying Global Payments

Over the past decade, Oceanpayment has dedicated itself to empowering global partners with professional expertise and exceptional services. It has continuously strengthened payment infrastructure by integrating open APIs and digital services, seamlessly connecting payment technology across all aspects of the cross-border payment ecosystem.

The company's comprehensive solutions unlock a wide range of cross-border business scenarios, including global acquiring services, financial payment gateways, intelligent risk management and compliance operations. This holistic approach enables seamless integration of cross-border business models, technological innovation and product offerings, fostering the global expansion of cross-border merchants.

Looking ahead, Oceanpayment will continue to enhance its payment chain products and services through technological innovation. It is committed to providing cross-border merchants with a more convenient and secure "global payment" experience. The company aims to facilitate businesses' digital and intelligent transformation to accelerate growth and foster high-quality development of global cross-border e-commerce.

– Ends –

About Mastercard

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions safe, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

www.mastercard.com

About Oceanpayment

Oceanpayment is a leading global payment service provider empowering businesses with secure, convenient, professional and simple payment solutions for cross-border transactions. We leverage cutting-edge technology, robust infrastructure, effective risk management, and proven expertise to deliver seamless payment experiences. Processing transactions continuously for hundreds of thousands merchants across over 200 countries and regions, enabling them to accept and process payments seamlessly and maximize revenue growth.

www.oceanpayment.com

References:

[1] Juniper Research, Virtual Cards, Strategy & Forecast, 2021-2026.

^[1] Juniper Research, Virtual Cards, Strategy & Forecast, 2021-2026.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Oceanpayment Partners with Mastercard to Issue Its First-Ever Payment Card to Empower Global Businesses

HANOI, Vietnam, Jan. 3, 2026 /PRNewswire/ -- Travellive Media Group is pleased to announce the HOTLIST Travellive Editor's Pick 2025 (HOTLIST 2025), a curated project honouring outstanding brands, destinations, and individuals that have made significant contributions to the development of Vietnam's tourism industry over the past year.

HOTLIST is a expert-curated list reflecting the evolving values of the market at each stage of development. The selection process combines the expertise of a prestigious advisory council comprising both domestic and international experts, based on key criteria including quality, innovation, social impact, and sustainable growth potential.

Last year, HOTLIST 2024 made a strong impression on the tourism, hospitality, and service community by recognising more than 40 brands and 12 inspiring individuals across 28 categories spanning hospitality and resorts, destinations, technology, and experiential initiatives. The year also marked the first time HOTLIST expanded into a professional event series, featuring The Insiders Forum and the Honor Ceremony, attracting over 700 guests including senior business leaders and experts from various fields.

HOTLIST 2025: From Seed to Harvest

Entering 2025, HOTLIST is developed under the theme "From Seed to Harvest" inspired by rice, a symbol deeply rooted in Vietnam's wet-rice civilisation and cultural identity. From planting ideas and nurturing resources to harvesting sustainable achievements, this metaphor reflects the authentic development journey of projects, brands, and destinations within the tourism and hospitality industry.

At a time when the tourism sector faces multiple challenges such as climate change, shifting traveller behaviour, and global competition, the spirit of "From Seed to Harvest" underscores the importance of long-term vision, perseverance, and adaptability.

This year, HOTLIST 2025 introduces a public voting component in the final evaluation stage, enabling the community and industry professionals to participate directly in the selection process. Beyond fostering engagement, this initiative also provides an opportunity for audiences to share their firsthand experiences with the shortlisted brands and projects.

HOTLIST 2025 Honourees

HOTLIST 2025 expands its scope across key tourism sectors, featuring 07 main categories: Hospitality; Aviation; Travel Design & Experiences; Destination; Technology & Innovations; Sustainability and Community Projects & Voices. Each category aims to identify exemplary individuals and brands that play a guiding role in shaping the future of Vietnam's tourism and hospitality industry.

This year's list continues to acknowledge well-established brands such as Four Seasons Resort The Nam Hai, Hoi An; Topas Ecolodge; Six Senses Ninh Van Bay; P'apiu Resort; Wink Hotels, among others. It also introduces international brands that have made a positive impact on the Vietnamese market, including voco Quang Binh Resort by IHG, Park Hyatt Phu Quoc, and Hyatt Place Halong Bay, Bai Chay. In the Aviation category, STARLUX AIRLINES was selected for its premium flight experience.

The expansion and diversification of award categories reflect HOTLIST's commitment to comprehensively capturing industry dynamics, while encouraging responsible development models that respect local identity and generate positive social impact.

As part of its mission to deliver practical value to the tourism industry, HOTLIST 2025 will host The Insiders Forum in Hanoi (7 January 2026, Sheraton Hanoi West) and Ho Chi Minh City (19 January 2026, JW Marriott Hotel & Suites Saigon). The forums will gather business leaders, experts, and researchers to share insights and discuss key topics shaping tourism landscape.

On 19 January 2026, The Honor Ceremony will take place in Ho Chi Minh City to officially recognise and present certificates to the brands, projects, and individuals featured in HOTLIST 2025. The event will also serve as a B2B networking platform for industry stakeholders.

Through each edition, HOTLIST Travellive Editor's Pick has gradually become a highly anticipated annual reference point for the tourism community, built on credibility, sustainability-driven orientation, and a series of professional programmes. Through recognition activities, dialogue forums, and community connections, Travellive not only highlights market excellence but also actively contributes to promoting sustainable thinking and elevating standards within tourism industry.

This year, HOTLIST 2025 is supported by The Brand Promise (Co-organiser of The Insiders Forum), PR Newswire (Media Partner), and sponsoring brands including BMWines, Lady Triệu (drink experiences), and Cocoon, Jourdeness (gifts). HOTLIST 2025 continues to amplify meaningful stories, connect outstanding individuals and organisations, and share positive values with the wider public.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

HOTLIST 2025 "From Seed to Harvest": A Story of Resilience and Transformation