Qianbao

Shenzhen Qianbao Technology Services Co., Ltd. (hereinafter referred to as "Qianbao"), founded in 2005, is one of China's first enterprises engaged in third-party payment, professionally providing electronic payment services and collection solutions, with three major products: international credit card and overseas local collection, cross-border e-commerce foreign exchange payment, and POS acquiring. Qianbao's business scope covers more than 70 countries and regions, encompassing almost all acquiring currencies globally, and has connected with the world's five major international card organizations (VISA/MASTER/JCB/AE/UNIONPAY), with over 60 cooperative banks worldwide, ranking among the leading positions in the global international payment industry.
Qianbao holds dual licenses of "Internet Payment" and "Bank Card Acquiring" issued by the People's Bank of China, is one of the first batch of pilot units for cross-border e-commerce foreign exchange payment business of the State Administration of Foreign Exchange, and is also one of the first third-party payment companies in China to pass the Visa QSP qualification. In the first half of 2014, the People's Bank of China and China UnionPay jointly established the first Shenzhen Bank Card Acquiring Association, appointing Qianbao as the vice-chairman unit, and its chairman Mr. Wang Yi as the deputy secretary-general. Qianbao adopts seven world-class risk control tools, has passed the PCI certification of international card organizations, established the most complete risk control system domestically, and owns the first anti-fraud black card database in China, becoming the first online credit card risk prevention center and the first payment company with a risk database in China.
As of the first half of 2014, the total transaction volume of Qianbao's three main businesses reached nearly 50 billion yuan, with a quarter-on-quarter growth of 128.50% and a year-on-year growth of 359.37%. Among them, the total volume of foreign currency exchange settlement and sales remained the highest among the 22 national pilot units, far exceeding platforms such as Tencent's Tenpay. Meanwhile, international e-commerce giants frequently extended olive branches, and Amazon, the leading e-commerce platform in the United States, has reached cooperation with Qianbao on foreign exchange payment business. Given Qianbao's meticulous efforts in the third-party payment industry and its remarkable achievements, well-known domestic media such as Southern Metropolis Daily, Securities Times, Phoenix New Media, and Sina Finance have all conducted special reports on Qianbao.
Adhering to the service philosophy of "steady progress, customer foremost" and centering on user needs and experience, Qianbao continuously improves its online and offline payment service systems, tailoring payment solutions for thousands of cross-border e-commerce enterprises, processing over one million orders daily. Qianbao focuses on the analysis and research of user needs, cooperates with multiple domestic financial institutions, establishes a comprehensive POS payment application system, and provides specialized POS services including bank card merchant acquisition, deployment of financial POS terminals, merchant training, POS installation, on-site repair and maintenance, and consumables distribution, offering value-added services based on the financial POS network platform for card-issuing institutions and merchants. Since the pilot of cross-border e-commerce foreign exchange payment business, Qianbao has cooperated with many well-known domestic financial institutions, establishing a comprehensive cross-border acquiring payment service platform and settlement platform, providing merchants with convenient, fast, and safe exchange settlement services. It can complete exchange settlement within T+1 days, without customs declaration or clearance procedures, and is not subject to individual or institutional exchange settlement quotas.
Looking ahead, Qianbao will continuously enhance its service level, build secure and stable payment channels, innovate payment solutions, enrich product value-added functions, and realize the maximization of merchant benefits and optimized services!

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