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One World Ventures, Inc.: One World Ventures, Inc. Signs Agreement With NuPay to Facilitate Settlement of China Union Pay (CUP)

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  Published in House and Home on Monday, September 21st 2009 at 7:38 GMT by Market Wire
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LAS VEGAS, NV--(Marketwire - September 21, 2009) - One World Ventures, Inc. (PINKSHEETS: [ OWVI ]) announced today the signing of agency agreement with NuPay System (U.S.) Inc. [NuPay] to recruit NuPay settlement bank of China Union Pay (CUP) Cards in Southern California. China Union Pay (CUP) is the issuer of the CUP card, which is found in the pockets over 500 million Chinese people. China's Card market now has over 1.73 billion credit and debit cards in Circulation -- up 18% from last year making it the largest growing card market in the world today. Under the agreement, One World will recruit the best settlement bank and profit share with NuPay for the settlement of both credit and debit CUP card transactions through NuPay in Southern California. Furthermore One World is negotiating to have the right to distribute, install, and facilitate POS terminals to NuPay merchants.

According to the World Tourism Organization, China is already ranked among the world's top 10 outbound tourism nations. From 1994 to 2003, the cumulative number of outbound Chinese travelers reached nearly 100 million, with an average annual growth rate of 13.9%. In 2003, the number of Chinese traveling abroad surpassed that of Japan, making it the largest in Asia. Just in Hong Kong in 2008, there were 16M Chinese travelers with avg US$730 each spending, total US$11.68B income to Hong Kong.

To date, Chinese travel has been overwhelmingly short-haul, with 88% of trips to destinations within the Asia-Pacific region, and thus the impact of this growing market has been modest in Europe and the United States. But by 2010, China is expected to be the largest source of outbound travelers in the world, and will likely follow a pattern similar to Japan and South Korea in venturing out to more and more distant shores.

"We are in the process of strengthening our position as an acquirer of international cards. Merchants who have entered into an agreement with One World on the acceptance of international payment cards will in the future be able to offer Chinese tourists this extra payment service. We believe the opportunity to purchases goods and services by CUP card holders will boost revenue as merchants and Banks begin the process. Together with our partner NuPay, this platform opens the doors for US Merchants to take advantage to offer CUP processing to the ever growing influx of Chinese tourists. The CUP card will be included in the acquiring agreements that we solicit to merchants," says Steve Prior, CEO of One World Ventures Inc.

About China Union Pay (CUP)

China Union Pay Co., Ltd. is the only national payment network in China, with more than 1 billion cards issued on its network. China Union Pay cards are accepted in 26 countries and regions, including Hong Kong, Macau, Japan, Korea, Germany, France and Australia.

About NuPay System (U.S.) Inc. [NuPay]

NuPay signed the Acquiring Agreement with CUP on Aug 2009. NuPay is the direct-connect CUP Cards Acquirer in the U.S., it has the lease line direct connect its U.S. equipments to the CUP FEPS, CUP international gateway in Hong Kong. NuPay will provide full range of CUP products and services in the U.S. with Acquiring for starting. Acquiring is including recruiting merchants, providing POS terminals installation, maintenance, processing and settlement services. Besides, NuPay is issuing CUP cards in Hong Kong and China through its group companies.

About One World Ventures, Inc.

One World Ventures, Inc. is a holding company with management resourced in Asia and the United States that invests in technologies, communities and systems that facilitate trade, finance, communication and travel across international boundaries, cultures and languages.

The Company looks for simple inexpensive alternatives to traditional ways of doing business. The strategic goal in every business is in leveraging assets and opportunities globally, focusing on niche markets and providing cost effective operations. The company's unique holdings will provide revenues predominantly derived from memberships, commissions and transactions.

Safe Harbor Statement:

This release contains forward-looking statements with respect to the results of operations and business of One World Ventures, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.