epay announced additional launches for Renewal, its recurring billing solution. epay is the digital payments processing business segment of global financial technology solutions and payments provider Euronet Worldwide, Inc.
This expansion covers the following channel partners and countries: Harvey Norman in Australia, Altibox Nordics, Cyberport, and MediaMarktSaturn Retail Group in Germany, Etisalat UAE and Sharaf DG in the United Arab Emirates, Singtel in Singapore, and new retailers in Mexico. More countries and stores are being planned and disclosed as soon as they become available.
Renewal enables global corporations and brand partners to convert their digital items to a subscription model and sell them through epay's global network of merchants, telecommunications companies, and mobile wallet partners. This creates a sustainable income model for the brand and retail partners by turning one purchase into 12, 24 or 36. Consumers may now purchase subscription-based digital items from their favorite source and use them on mobile devices or PCs. Retailers benefit from a single link with epay to leverage and sell various subscriptions from recognized worldwide brands.
Kevin Caponecchi, Executive VP and CEO, epay, Software and EFT Asia Pacific Division, stated, "With this expansion for Renewal and our brand partner, Microsoft, we are proving the great potential of our new strategic business area while demonstrating our global sales power and the attractiveness of this digital solution."
Kevin Caponecchi, Executive VP and CEO, epay, Software and EFT Asia Pacific Division, stated, "With this expansion for Renewal and our brand partner, Microsoft, we are proving the great potential of our new strategic business area while demonstrating our global sales power and the attractiveness of this digital solution. This contributes to long-term consumer relationships and future-proof revenue models for our partners. Based on our innovative technology, our existing relationships with more than a thousand brands and our global merchant network, we will continue to expand Renewal successfully and it’s recurring billing solution successfully.