Evonet Global Pte. Ltd. operates as a network service and payment solutions provider focused on cross‑border digital commerce, headquartered in Singapore and active across financial hubs including Hong Kong, Shanghai, Japan, and Singapore. Established in 2019 and jointly planned and promoted by Shanghai CardInfoLink Data Service Co., Ltd., the company is backed by investors such as CardInfoLink, TIS INTEC Group, and Sequoia Capital. Evonet provides merchant network access services and transaction processing between mobile code (QR) wallets and acquiring operators, handling settlement and currency conversion to enable cross‑border QR code payments. Its platform targets merchants across sectors including e‑commerce, SaaS, online gaming, and AI‑driven businesses, with offerings that cover payment acceptance, performance optimization, fraud management, and reconciliation and settlement.
Evonet positions itself as an Asia‑focused provider, designing local payment solutions from China and Japan to emerging markets and aiming to be the region’s premier payment provider connecting merchants and customers across borders and networks. It supports a wide range of global and local payment methods—spanning digital wallets, cards, and alternatives—through a single platform, and emphasizes tools to increase approval rates, manage fraud and security, and reduce payment costs. Technologically, the company promotes payment and AI orchestration, Smart Retries for recovering failed payments, and dynamic 3D Secure and fraud controls to enhance security while protecting conversion.
Strategically, Evonet is building an open interoperability network for mobile wallets, exemplified by its cross‑border wallet connectivity with KDDI’s au PAY and Tenpay (WeChat Pay) in Japan, enabling WeChat Pay users from China to pay at au PAY merchants via QR code. It has also developed merchant acquiring services that support global and local payment methods, secured a Mastercard principal acquiring license to support digital‑economy expansion, and provides APIs such as a Dispute API adopted by Tencent’s Midas platform. Evonet plans to extend its services to international remittances and wallet top‑ups while continuing to expand its partnerships with wallet operators and institutions across Asia.
