PayEase Receives "2014-2015 Most Popular Cross-border Payment Enterprise" Award
Jun 11, 2015, 12:14 ET
HONG KONG, June 11, 2015 /PRNewswire/ -- PayEase, the leading electronic payment service and solution provider in China, received the "2014-2015 Most Popular Cross-Border Payment Enterprise" award from the judging committee of the "Top 30 Cross-border e-Commerce Enterprises". This event was held at the "2015 Global Conference for Cross-Border e-Commerce" co-organized by the Ministry of Commerce Bureau of Foreign Trade Development Affairs, China Electronic Commerce Association and the Municipal Government of Jinhua City, Zhejiang Province.
This year's conference revolved around such themes as "The New Normal in China Foreign Trade", "One Belt, One Road to Boost Cross-border e-Commerce", and "The Relationship between Free-trade Zone and Global Consumption". As well, numerous highly reputable domestic and international e-Commerce enterprises presented and shared their experiences in taking advantage of the "One Belt, One Road" policy to expand on the development of their cross-border e-Commerce businesses.
In 2014, PayEase received the cross-border e-Commerce foreign trade payment license issued by the State Administration of Foreign Exchange. Currently, the scope of the license covers industries such as Physical goods trading, overseas education, airline tickets, hotel accommodations, software services (digital goods trading), international conferences, and international exhibitions. Businesses that have access to the supported services cover various domestic industries ranging from foreign trades, services, airlines, hotels, international conferences, to overseas educational institutes. PayEase facilitates different merchant's global trade operations by providing convenient, safety, secure and robust payment and settlement services. In 2013, PayEase ranked 13th in VISA's global online payment services provider list. In 2014, in the pilot project of "Online Payment Service for Foreign Exchange for cross-border e-Commerce" conducted by China's State Administration of Foreign Exchange, PayEase ranked 1st in the number of transaction processed, among the granted 22 online payment companies.
A representative from PayEase stated: PayEase is in constant pursuit of payment system stability, platform risk control, management capabilities and operator professionalism. This is to ensure the safety and security of every transaction in the course of the payment process, as well as provide customers with a professional one-stop electronic payment solution. Another advantage that PayEase has in the area of cross-border payments is its established platform, as well as qualifications to carry out business transactions with major international banking institutions such as the Qualified Service Provider (QSP) qualification issued by VISA to facilitate the payment process for cross-border e-Commerce transactions.
According to a report from "China's e-Commerce Research Centre", China's cross-border e-Commerce transactions valued at about RMB4.2 trillion in 2014, an increase of 33.3% year-on year. It forecasts that in 2015 and 2016, transaction values will reach RMB5.5 trillion and 6.5 trillion respectively, with an annual growth rate of over 30%. Currently, the Chinese government has been heavily promoting the development of the "One Belt, One Road" policy, which will further drive the globalization of domestic Chinese cross-border e-Commerce merchants. Qualified service providers related to cross-border e-commerce businesses, such as those in the payment and logistics industries, will benefit from these market developments.
PayEase is the first and foremost Online Payment Service Provider in China, established in 1998 by the Beijing Government and widely recognized for its trustworthiness and secured nationwide banking connections. Besides having PBOC Payment license and SAFE Cross-Border Payment license, PayEase is the first Payment Service Provider in China to have obtained the PCI Certification, and ISO 27001, satisfying all international Payment Provider standards. PayEase customers include the Beijing Government, Banks, Universities and Fortune 500 corporations such as Apple, Amazon, Nike, Korean Air, HP, Burberry, D&G, Bally, Armani, Travelzoo, peerTransfer, Loro Piana, Nespresso, H&M, Yoox, China Telecom, China Mobile, China Unicom, and more.
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