Latest news with #SaintHung
New York Post
11 hours ago
- Business
- New York Post
NYC biz owner honored for supporting 35K Asian-American-owned small companies during COVID pandemic
A Big Apple business owner was honored Thursday night for his role in supporting and stabilizing more than 35,000 Asian American-owned companies during the COVID-19 pandemic. Saint Hung, CEO of Universal Processing, and his team were recognized by about 200 government officials and community leaders for providing protective gear, financial guidance, digital tools and multilingual resources to struggling small businesses at the height of the deadly crisis. 'Saint helped us so much,' restaurateur Katrina Liu, 35, told The Post at the event, noting that Hung's guidance enabled her to open a third and fourth restaurant in the aftermath of the outbreak. 3 Saint Hung, CEO of Universal Processing, a financial tech company in New York City. Marie Pohl for New York Post 'He hosted a lot of Zoom meetings and helped us apply for loans, grants and showed us how to do marketing during the pandemic. He also gave us point-of-sale systems for free.' Michael Min, owner of South of the Clouds rice noodle restaurant in the West Village, said Hung's resources were a 'huge, huge help.' 'A restaurant owner doesn't understand that much, you know, like with these applications, what to you say, what not to say, that's a huge thing, basically,' the 36-year-old explained. 'So you needed a professional company who'll work with the government to help you navigate through those things.' 3 Saint Hung pictured with his team and former Republican Gov. George Pataki. Marie Pohl for New York Post Asian-owned establishments nationwide suffered plummeting sales of as much as 60% during the initial wave of lockdowns in 2020, with entrepreneurs also struggling to access government aid, such as the Paycheck Protection Program, meant to keep them afloat, according to reports. Hung expressed gratitude for the 'social safety net' that allowed his thriving financial tech company to not only support local businesses in need but also open a new Manhattan office, where the celebratory event was held. 3 Former Gov. George Pataki and Saint Hung in conversation during the event. Marie Pohl for New York Post 'If not for the ability for us to navigate through those first months of COVID, we probably wouldn't be able to flourish and grow and expand and definitely wouldn't be able to provide services and help to the 35,000 and more in the future, small businesses that we are fortunate to provide support for today,' he said. 'I just feel like small business owners have to navigate so much uncertainty, and even our role was uncertain a few years back. 'We provided a lifeline for many businesses.'
Yahoo
2 days ago
- Business
- Yahoo
Universal Processing Unveils New Headquarters, Pioneering Fintech Solutions for Minority-Owned Businesses
New York, New York--(Newsfile Corp. - June 25, 2025) - Universal Processing (uP), a leading Fintech and payment solutions provider, proudly announces the grand opening of its new headquarters in the heart of New York City, Times Square. This exciting milestone marks the company's continued growth, as well as its commitment to empowering minority-owned businesses with cutting-edge financial technology. A New Era for Minority Business Empowerment With global digital payments surpassing $10 trillion in 2024, the ability to offer seamless, cashless transactions has become a crucial factor in business success. Yet minority-owned businesses continue to face disproportionate barriers in accessing advanced payment technology, which hinders customer acquisition, financial management, and long-term sustainability. As one of the few AAPI-owned Fintech firms in the U.S. and the second AAPI-owned payment processor to achieve Full-Service Provider status, Universal Processing is bridging the gap between minority entrepreneurs and next-generation payment solutions. The new headquarters represents more than just an expansion-it's a strategic investment in the future of inclusive Fintech. "In today's digital economy, small businesses need more than just a payment processor-they need a partner who understands their unique challenges and provides tailored solutions," says Saint Hung, CEO of Universal Processing. "That's why we built a company that doesn't just process payments, but helps underserved businesses compete at a global level with cutting-edge financial tools, multilingual support, and transparent pricing." Building Fintech Solutions That Matter The new headquarters will serve as a hub for continued innovation, featuring: Tap-to-Pay and Omnichannel Capabilities - Empowering businesses to accept payments anywhere, from mobile to in-store. In-Language Customer Support - Offering 24/7, U.S.-based assistance in multiple languages to serve diverse business owners. Financial Education & Resources - Providing tools and insights to help entrepreneurs scale sustainably. A Commitment to Minority Entrepreneurs Studies show that 70% of minority business owners believe that limited access to technology negatively impacts their business viability. Universal Processing is tackling this challenge head-on by ensuring that underserved businesses have access to enterprise-level payment tools-without enterprise-level complexity or costs. "The ability to accept digital payments shouldn't be a privilege-it should be a standard," added Hung. "With our new headquarters, we are doubling down on our mission to democratize access to Fintech solutions, helping more businesses move 'uP'." Join the Grand Opening To celebrate this milestone, Universal Processing invites partners, clients, and industry leaders to its grand opening event at the new headquarters on June 26th. The event will feature live demonstrations of payment technologies, discussions on the future of Fintech, and insights from industry experts on empowering minority-owned businesses in a digital-first economy. For media inquiries, event details, or partnership opportunities, please contact: Yin Yupr@ About Universal Processing Universal Processing is an award-winning Fintech and payment solutions provider, specializing in serving underserved businesses and partner channels with full-service payment processing. As a certified Minority-Owned Business, uP is committed to providing transparent, secure, and scalable payment solutions with 24/7 multilingual support. Learn more at To view the source version of this press release, please visit Sign in to access your portfolio
