TAP Investments Group, a merger partner of US-based electronic payment services provider Sino Payments, has teamed up with China-based Bank of Communications, to include the latter in TAP’s Retail Alliance.

Sino Payments has recently entered a merger with TAP Investments Group and is expected to take over all TAP activities, including the ones for the new contract, by March 2012.

The deal between TAP subsidiary, Value Exchange International, and Bank of Communications will see the bank introduce its credit cardholders to visit one of TAP’s retailers in Hong Kong and Macau Special Administrative Regions.

cSino Payments is a credit card processing and merchant acquiring services provider. The company provides credit card clearing services to merchants and financial institutions in China and throughout Asia. Apart from providing e-commerce processing capability, Sino Payments' proprietary IP transaction processing system (SinoPay GPP) can convert transaction processing systems from old type dial up POS systems linked to sophisticated check out terminals to a modern IP transaction process.