China’s payment industry has evolved for nearly 20 years. The competition among enterprises has transformed from acquiring markets to providing specialized services. As China’s leading enterprise in air travel payment, Easy Pay Co., Ltd. (abbreviated as Easy Pay) has seen burgeoning development and is committed to delivering highly specialized services for air travel payment.
As one of the few fully licensed third-party payment solutions providers, Easy Pay is taking hold in the air travel industry and focusing on technological innovation. It operates in three business segments including merchant service, air travel payment and technology and finance, with its products ranging from cross-border settlement, online payment, bank card acceptance, prepaid card issuance and acceptance to traveler’s checks in electronic form. In order to build a well-functioning air travel ecosystem, Easy Pay aligns a variety of its products, including currency exchange, tax refunds and lottery tickets, with the demands of merchants in the air travel industry to offer comprehensive financial services (including but not limited to payment) to merchants and users.
Resting on its premier service and advanced payment technology, Easy Pay has accumulated rich and advanced experience in the industry: its settled amount has exceeded 1 trillion RMB and it has nearly 100 million merchant customers. In terms of the scale of offline payment acceptance, Easy Pay ranks among the top 10 non-banking institutions for payment acceptance within the UnionPay network. Bohai Tonghui currency exchange outlets are located in main airports, ports and core business districts for cross-border tourism and provide exchange services for over 20 currencies and deal with the tax refund invoices of 27 countries worldwide through cooperation with 300,000 merchants of top-rated brands in the international community. In light of the complexity and diversity of cross-border markets, Easy Pay has joined forces with international organizations like UnionPay International, Visa and Mastercard and signed agreements with international payment companies and specialized banks that provide virtual cards and cross-border e-banks. Through establishing an international payment platform, Easy Pay manages to provide international payment products, like virtual credit cards, to cross-border travel agencies and international air ticket agencies to help clients realize one-to-many cross border payments in an easy and convenient way and promote the development of cross-border globalized transactions.
Through years of hard work, Easy Pay has been highly recognized by regulatory agencies, the industry and the market and awarded more than 10 awards like Top 10 Brands for Customer Satisfaction, Excellence Award for Third-party Payment and China's Top Fintech Payment Innovators.
In the new era, Easy Pay will, by taking advantage of its leading role in the industry, step up efforts to establish strategic partnerships and create more qualified products in response to the market demand so as to support Chinese enterprises in going global and further advance cross-border trade development.