Sino Payments, Inc., a company providing IP credit and debit card processing services to large retail chains in China and throughout Asia, announced that it has signed a Memorandum of Understanding with Wincor-Nixdorf to provide the Sino Payments IP card processing system to retail chain, supermarket, and other retail customers initially in the Hong Kong market.

Matthew Mecke, Chairman & CEO of Sino Payments stated, “As one of the world’s largest and most important payment processing retail store hardware and ATM providers, Sino Payments is extremely pleased to work with Wincor-Nixdorf in HK to provide Sino Payments IP credit and debit card processing to Wincor-Nixdorf’s large regional client base. We hope to work closely as quickly as possible to identify potential customers in HK and Macau to provide our card processing services.”