Sino Fibre & P2P Cash Forge International Barter Platform
Two Chinese companies have agreed to jointly explore the business
opportunity for integrating the P2P Cash mobile commerce features
into an advanced international barter trading platform to be used by
Sino Fibre�s joint venture with the China Association of Medium and
Small Enterprises (CAMSE), to handle the barter exchange
transactions between the CAMSE members and/or other domestic and
international barter clients.
Sino Fibre and CAMSE have jointly established China Business Online
Company in China, which will be wholly funded by Sino Fibre and
CAMSE will provide the brand, plus government and member resources.
The joint venture will take advantage of advanced international
management practices to provide barter services for small and medium
sized Chinese enterprises.
Sino Fibre CEO Daniel McKinney commented, �P2P targets customers
from the world�s fastest growing countries where the majority of
mobile phones are sold � India, China, Philippines and Mexico. These
countries lack the widespread electronic banking and retail payment
infrastructures, and have extremely low credit card penetration and
�Our alliance will position us to gain a considerable share of this
segment in China with offerings that will enable processing of
virtual transactions on the Internet with a license of P2P�s
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