Hong Kong Firm Prima Asia to Launch Blockchain Payment in APAC

Hong Kong-based startup Prima Asia Limited said it would launch innovative blockchain payment technology in the Asia-Pacific region this year.

Prima Asia Limited plans to launch a payment technology called "Primawire" in the fourth quarter of this year. Blockchain technology will provide customers and businesses with faster transfer speeds, more secure payment solutions while reducing transaction fees by 70%.

The Chief Executive Officer of Prima Asia Limited, Jia Shaoqing, said that:

"Our company has already forged relationships with several of Asia's largest financial institutions, and the payments prototype has been integrated and tested on their internal data networks, yielding impressive results. We will be introducing a money transfer technology that is unlike anything else on the market right now."

Prima Asia Limited will roll out the technology now in the Asia Pacific and expects to launch the Primawire app in Europe, Africa and the Middle East by 2024, followed by North America in early 2025.

Incorporating innovative blockchain technology into the upcoming remittance solution will bring online payment independence and flexibility to its customers and allow users to combine and send various payments quickly.