What is Fuyou Payment? Fuyou Payment Review, Features

Fuyou Payment (Shanghai Fuyou Payment Services Co., Ltd.) is a service provider focusing on various payment businesses in multiple industries.

About Fuyou Payment

• Shanghai Fuyou Payment Services Co., Ltd., a member of the Fuyou Group family, is a technology-driven payment company. It is also a Shanghai high-tech enterprise, a Shanghai key software enterprise, one of the top 100 software enterprises in Shanghai, and a Shanghai software and integrated circuit industry development special fund support unit.
• Since its establishment, Fuyou Payment has successively obtained five payment business qualifications issued by the People's Bank of China, the State Administration of Foreign Exchange, and the China Securities Regulatory Commission, including Internet payment, bank card acquiring, multi-purpose prepaid cards, cross-border payment, and fund payment.
• Most of Fuyou Payment’s founding team and middle and senior management have extensive working backgrounds in China UnionPay, commercial banks, and well-known Internet companies.
• Fuyou Payment has extended its products and services to various enterprise scenarios, providing them with enabling services that combine technology and payment, including smart cash register terminals, QR code payment, quick mobile phone authentication, agreement payment, cross-border payment, fund subscription payment, collection/payment on behalf of others, foreign exchange collection/payment, prepaid card issuance and acceptance, credit card repayment, etc.

Corporate Business

1. Internet Payment

• Mobile/PC payment: supports domestic mainstream commercial banks and diversified payment channels.
• Platform payment: supports repayment by mainstream banks, one-time authorization by users, and high-frequency transactions; real-time payment 24/7.

2. Credit card repayment

It includes real-time repayment at the terminal, batch repayment by agreement, and real-time repayment online. Debit cards support large state-owned banks and joint-stock banks, and credit cards support 10 joint-stock banks.

3. Qifubao

Qifubao is a payment solution provided by Fuyou Payment for enterprises. Its main functions include accounting system, aggregated payment, account splitting and profit sharing, value-added services, etc. It supports account opening, recharge, withdrawal, payment, guaranteed transaction, account splitting, refund, multi-party reconciliation, virtual account, big data model and other functions.

4. Rich Shopkeeper (Smart Cashier)

• Smart POS machines: divided into smart terminals, QR code scanning terminals (desktop version, mobile version, split version), smart cash registers, etc., covering smart cash register functions and other value-added functions.
• Smart plug-in: can be installed on various POS machines to complete scan code payment, compatible with various mainstream cash register software, and supports group purchases, vouchers and other card voucher verification.
• APP/QR code payment: It has functions such as account checking, voice broadcast, message reminder, etc., to achieve unified backend management.

5. Fund Payment

Fuyou Payment officially obtained the fund payment business license issued by the China Securities Regulatory Commission in May 2014. It supports quick verification, subscription, redemption (including T+0 redemption of money market funds), dividend and other services.

6. Cross-border e-commerce payment

Based on the cross-border payment licenses issued by the People's Bank of China and the State Administration of Foreign Exchange, and in compliance with the customs cross-border e-commerce regulatory policies, Fuyou provides cross-border e-commerce with one-stop financial services such as C-end customer collection, distributor fund collection, cross-border remittance and payment, customs payment data reporting, guaranteed payment, and e-commerce financing.

Corporate Culture

Be innovative, open and share, achieve customer success, be honest and responsible!

Development History

-In 2008, Fuyou Company was founded.

-In 2011, Fuyou Payment was registered and established, and obtained bank card acquiring and Internet payment licenses. It joined the China Payment and Clearing Association.

-In 2012, the clearing and settlement separate account system was launched.

-In 2013, it became a member of China UnionPay and obtained the qualification of cross-border e-commerce foreign exchange payment business. In the same year, it obtained the value-added telecommunications business license of the People's Republic of China.

-In 2014, we obtained the fund payment license from the China Securities Regulatory Commission and launched fund payment services. We joined the Internet Finance Professional Committee of the China Payment and Clearing Association.

-In 2015, we obtained the qualification of high-tech enterprise and became a member of Shanghai Payment and Clearing Association. We joined Shanghai Financial Information Industry Association and Shanghai Internet Finance Industry Association.

-In 2016, the company completed the renewal of its payment business license, added the "prepaid card issuance and acceptance" business license, and joined the China Internet Finance Association. It also reached a strategic cooperation with Shanghai Huarui Bank to jointly explore "Internet +".

-In 2017, the company completed its equity reform and reached a strategic cooperation with Shanghai Bank, and won the 2017 Shanghai Financial Information Industry "Industry Progress Award".

-In 2018, the company received special funding from Shanghai for the development of software and integrated circuit industries, was selected as one of the top 100 software companies in Shanghai, and retained its title of Shanghai High-tech Enterprise.

-In 2019, it won the "1688 Cross-border Excellent Service Provider" award at the Alibaba Cross-border Summit, and Fuzhanggui's daily transaction volume exceeded 10 million.