What is YeePay? YeePay Review

Product Introduction

As an industry payment expert, YeePay pioneered the industry payment model in 2006, and has launched innovative products such as online payment, credit card payment, POS payment, and one-click payment. It has provided tailor-made industry solutions for many industries such as aviation and tourism, administrative education, telecommunications, insurance, new retail, consumer finance, mutual finance, cross-border, etc., and has made positive contributions to industrial transformation and industry change, and maintained its leading position in the industry. In May 2011 , YeePay obtained the first batch of payment licenses issued by the central bank, and successfully renewed the first batch in 2016; in October 2013 , it obtained the cross-border payment business license approved by the State Administration of Foreign Exchange. Facing the current mobile payment boom, YeePay innovatively launched the mobile payment product "One-Click Payment", released one of the solutions for the O2O industry, Shopkeeper Tong, and helped Huawei Wallet build an ecological system, and continued to maintain its leading position in the field of mobile payment. In 2016 , YeePay became the first batch of secure payment service providers certified by Apple, supporting merchant apps to implement Apple Pay services, and helping Air China become the first domestic airline to support Apple Pay . In 2017 , YeePay launched the innovative "Bank-Publication Link" product to help online lending platforms and banks achieve efficient fund custody connection, and won the " Top Ten Payment Platforms of 2017 " at the 6th China Financial Technology Summit. In July of the same year , YeePay became the research base of the Xinhua News Agency Financial Research Center.

Yeebao Charity (formerly Yeebao Charity Circle) was founded in May 2008 , providing "zero-rate" services to all charity organizations. During the Wenchuan earthquake, more than 18.5 million yuan was raised through Yeebao Charity . In 2015 , Yeebao Charity was completely redesigned, realizing the Internet charity concept of "being with caring people". Nearly 50 charity organizations, including the United Nations Children's Fund, China Foundation for Poverty Alleviation, One Foundation, China Children and Teenagers Charity Relief Foundation, Shanghai True Love Dream Charity Foundation, Youth Foundation, and China Women's Development Foundation, have settled in Yeebao Charity, with about 200 charity projects. Since 2016 , it has successively launched charity products such as birthday donations, personal major illness relief donations, and corporate donations, providing personalized charity services. As of December 2017 , the cumulative online donations through Yeebao Charity and using Yeebao Charity payment interfaces were about 75 million yuan, with more than 50 million netizens following. Dozens of mainstream banks, thousands of caring merchants, media, and promotion agencies in China have joined Yeebao Charity in cooperation and promotion.

Development History

In December 2018 , Yibao Payment won the annual gold medal third-party payment company at the 9th "Golden Pixiu Award".

In December, Yeepay was named one of the “ Top 50 Future Retail Service Providers” by Ebrun .

In November, Tang Bin, CEO of Yeepay, won the "Top Ten Innovative and Entrepreneurial Figures in Hunan Businessmen" award at the 8th China Hunan Businessmen List.

In June , Yeepay was named one of the top ten honest service institutions in the new finance sector in 2018 .

In May, YeePay won the Banker's "Top Ten Fintech Product Innovation Award".

In April, Yeepay was awarded the " Most Valuable Third-Party Payment Enterprise of 2017 " award by Financing China.

In January, Tang Bin, CEO of Yeepay, was selected as the " 2017 Golden Orange Award Outstanding Leader" at the " 2017 New Finance Annual Conference" co-organized by the Economic Observer and the New Financiers Alliance .

In December 2017 , at the 2017 China (Xi'an) International Cross-border E-commerce Trade Expo, Yeepay was selected as "Excellent Financial Service Enterprise for Cross-border E-commerce".

In December, Yeepay was awarded as one of the " Top Ten Innovative Companies in the Financial Industry in China in 2017 " by the 3rd Yiou Innovation Award.

In December, Yibao Payment’s “Double Festivals” marketing campaign triggered viral spread and won the “Nandu Media 2017 Business Festival Annual Influential Event”.

In December , Yeepay won the "Smart Business Innovation Award" at the 2017 Yibang Future Retail Conference.

In November, Yeepay won the "Most Influential Award in Consumer Finance Industry".

In July, Yeepay became the research base of Xinhua News Agency Financial Research Center.

In July , YeePay won the " 2017 China FMCG B2B Industry Recommended Service Provider" award.

In May , Yeepay became a director unit of the Small and Medium Enterprises Association and a vice-chairman unit of the Internet Merchants Branch.

In August 2016 , Yeepay successfully renewed its payment business license for the first time.

In June, the 1.0 version of Yibao’s innovative charity product “Birthday Donation” was officially released.

In April, we published "Architecture is the Future", which systematically describes the scalable Web architecture, processes, and organizations of modern enterprises.

In February, Yeepay became one of the first secure payment service providers certified by Apple, helping Air China launch the Apple Pay service on its App .

In September 2015 , we released Zhangguitong, a solution for the O2O industry.

In April, Yu Chen, co-founder of Yeepay, published his new book, “Seeing the Future: People Who Change the Internet World.”

In October 2014 , Yu Chen, co-founder of Yeepay, participated in launching the “Internet Caravan” to help traditional enterprises upgrade to the Internet.

In July, Yeepay became the only third-party payment company engaged in the payment collection business of China Eastern Airlines' inflight information service platform, helping the world's first air-to-ground interconnected cloud payment platform to "take off".

In March , we co-organized the "First China Financial Consumer Protection Forum".

In October 2013 , YeePay obtained the pilot qualification for cross-border e-commerce foreign exchange payment business approved by the State Administration of Foreign Exchange.

In September, China's first cross-border payment was completed.

In August, Yeepay celebrated its tenth anniversary, which also marked the tenth year of development of the domestic payment industry.

In July, Yeepay launched an innovative product “One-click Payment” for the mobile field, further bringing new development opportunities to the gaming industry.

In April, Yeepay immediately established the "Ya'an Earthquake Emergency Rescue Operation" working group and urgently opened a special online donation channel for the Ya'an earthquake.

In January, Yu Chen, co-founder of Yibao Payment, participated in the production of the CCTV documentary "The Internet Age".

In January, Yeepay Tianjin Branch was established.

In March 2012 , Yibao Payment obtained the fund sales payment and settlement license issued by the China Securities Regulatory Commission.

In December 2011 , Yibao Charity's "One World, One Family" many-to-one donation product was launched, realizing "many-to-one" donation

In November , the open payment product was launched.

In October , Yeepay CEO Tang Bin supported the 2011 Beijing International Marathon and ran for charity.

In September, Yeepay successfully signed a contract with Air China, marking a major step forward for Yeepay in the aviation sector.

In August, Yeepay cooperated with Shandong Airlines and UATP to launch the "Shandong Travel Pass" product for large customers.

In July, Yeepay passed the ISO/IEC27001:2005 information security management system certification organized by the China Information Security Certification Center.

In July, Yeepay launched the “Yanfan Plan”, a project to select and train reserve management personnel.

In May , Yeepay Payment obtained the first batch of payment business licenses issued by the central bank.

In April, quick payment and prepaid card products were launched.

In March , the second phase of foreign card products and logistics POS products were launched.

In October 2010 , Yeepay and the first batch of 18 group buying websites jointly established the "Yepay Group Buying Alliance", creating a new operating model for group buying websites and attracting widespread attention in the industry.

In July, Yeepay initiated the establishment of the "China Financial Electronic Payment Development Research Center" and simultaneously launched an innovative payment service for the auto insurance industry - Yeepay Claims, filling a gap in the market.

In July , Yeepay became the gold sponsor of the " 2010 China International Aviation Outlook Summit". With its outstanding market performance in the aviation and travel industry, Yeepay became the " Payment Solutions Host " of the summit .

In April, Yeepay Payment teamed up with the Beijing Red Cross, Overseas Chinese Fund, Spring Warmth Fund, Poverty Alleviation Fund and other charitable organizations to raise nearly 500,000 yuan for the "Western Drought Relief Campaign" .

In February, Yeepay teamed up with China Life Insurance to donate charity insurance to volunteers of the Beijing Red Cross, creating a new form of public welfare marketing in the insurance industry.

In 2009, Yeepay’s transaction volume exceeded RMB 100 billion, and it was the first to achieve profitability in the payment industry.

In November , Yeepay and the China Foundation for Poverty Alleviation launched an online fundraising campaign called "Warmth Action - 200 yuan can keep a poor child in the west warm during the winter", raising a total of more than 200,000 yuan in donations.

In September, YeePay’s online charity donations exceeded 20 million, making it one of China’s three largest online donation platforms along with Tencent Group ( 24 million) and Alibaba Group ( 21 million) , which also own payment platforms .

In August, YeePay and China CITIC Bank jointly launched the industry's first charity credit card. Regardless of card application or consumption, YeePay will donate a certain amount of money to the school principal training program in poor areas.

In August, YeePay Charity immediately opened an online donation channel for Taiwan's "Morakot" typhoon disaster.

In September 2008 , Yeepay successfully won the bid for China Unicom's National Online Business Hall ( www.10010.com ) project.

In May, YeePay launched an online donation channel for the "Red Cross Wenchuan Earthquake Rescue Operation", raising over 18.5 million yuan in donations. In April , YeePay participated in compiling the first domestic electronic payment research book, "Third-Party Electronic Payment Exploration and Practice", which was first released at the 2008 China Electronic Commerce Conference.

In February, Yeepay and the Beijing Red Cross jointly launched the "Online Donation for Snow and Wind Relief", with a total donation amount of over 270,000 yuan.

In December 2007 , Yeepay became a public welfare partner of the Beijing Red Cross serving the Olympics.

In October, Yeepay received the “ AAA ” credit rating certification for e-commerce enterprises.

In February, Yeepay passed the national information system security certification of the National Information Security Evaluation and Certification Center.

In January, YeePay’s mobile phone online direct charging service was launched.

In July 2006 , the second-generation Yeepay payment system was officially launched.

In July, Yeepay successfully signed a contract with Shenzhen Airlines, marking that Yeepay's electronic payment solutions for airlines have been recognized by the aviation industry.

In June, ICBC launched Yibao telephone payment nationwide.

In March , we successfully acquired Western Payment and established the Chengdu branch.

In March , acquired Western Payment.

In February, Yeepay became a member of the "China Electronic Commerce Association Electronic Payment Standardization Research Working Group".

In January, Yeepay Shanghai Office was established.

In November 2005 , Yeepay joined the "Information Accessibility Promotion Alliance".

In August , Yeepay and Beijing Industrial and Commercial Bank’s 95588 branch officially launched the first telephone payment service in China.

In July, Yeepay Guangzhou Office was established.

In June , Yeepay Payment officially connected to the foreign card services of VISA and MASTER .

In April, Yeepay electronic payment platform was officially launched.

In April , YeePay, based on IBM's overall software and hardware technology solution, became a successful case of IBM in the field of financial value-added.

In February, YeePay pioneered the SMS payment method of "mobile phone account binding", which was another innovation in the electronic payment industry.

In December 2004 , YeePay pioneered the "Zero Threshold Self-service Access for Merchants" service, which was an innovation in the electronic payment industry.

In December, Yeepay launched the electronic payment platform - Ruyi Pay 1.0, which was officially launched.

In September 2003 , Yeepay and Beijing Communications Services Company signed the "Mobile Recharge Service Cooperation Framework Agreement".

References

• 1. YeePay launches global payment products to address long-term pain points in cross-border payments: Yidian News [cited on 2018-09-29T16:00:00.000Z]