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Transact24 Opens New US Office

HONG KONG —Transact24, a leading Hong Kong-based payment services provider, have opened  their new US office in Federick, MD.  

Transact24’s focus on the US market has increased in recent years as a direct result of the growth of their ACH payment processing and Credit/Debit card acquiring business lines, which has reached the point where it has become imperative to have a physical presence within the US, allowing Transact24 to better align themselves with their growing base of US customers.

 “The opening of our new US office is part of our continued commitment to strengthen our ties and relationships, both to our US-based customers and within the US market as a whole. " said Philip Meyer, Managing Director of Transact24.

“We’ve seen incredible growth across our business lines throughout the US in recent years, particularly within our ACH processing division, where we continue to strive to not only provide our customers with the sort of service they’ve become accustomed to, but to continue to improve and tailor our services to better meet their needs.”

About T24 (

T24, a member of the Net1 group (NasdaqGS: UEPS; JSE: NT1), is a Hong Kong-based Payment Services Company, established in 2006, with offices and/or satellite entities in Australia, Singapore, China, Mauritius, South Africa, Austria, Gibraltar, the USA and the UK.

T24’s payment services products include Chinese Debit Card and Credit Card Acquiring; ACH processing; and Prepaid Card Issuance and Prepaid Card Program Management. T24 owns the IP for all its processing systems and all its systems are PCI DSS Level 1 compliant.