PayEase

Overview
Digital Wallets?
Product stageSegments
Growth
?
Semi-closed wallets
?

Payease is a financial service company that was launched in 1998 in Beijing, China, but is now located in Santa Clara, California, US. The company facilitates a wide range of services, including call centers, Point of Sale (POS) terminals, internet banking, and mobile payments via SMS. Payease is one of the most widely used payment methods in China, as it is connected to 23 major banks that make up 90% of China's banking industry.

Payease offers multiple payment options and methods, allowing customers to perform payments and transactions on various ecommerce websites. The company supports both B2C (Business-to-Consumer) and B2B (Business-to-Business) payment options through its Gateway Payment service, providing a large bank of payment methods for seamless sending and receiving of payments. Additionally, Payease supports 63 types of credit and debit cards.

The company's services are widely accessible, accepting debit and credit cards from major companies around the world, such as American Express and Diners Club, thereby facilitating cross-border payments. Payease offers Agreement Payment services for both mobile and computer users, ensuring that customers can easily make transactions on multiple devices.

Payease prioritizes security by requiring a unique authentication sent through SMS for transaction verification. After creating an account and providing sensitive bank information for identification, customers do not need to input this information again for subsequent transactions.

The company upholds transparency by providing detailed payslips and allowing customers to scan two-dimensional merchant QR barcodes to confirm the identity and authenticity of merchants from a bank of various merchant codes.

Payease offers flexibility by modifying and customizing exclusive functions to fit customer preferences, providing a personalized experience tailored to each user's needs. The company also supports financial information and promotions tailored to individual users.

Payease facilitates inter-enterprise relations by offering settlement services that encourage large-scale transactions between different enterprises globally. Furthermore, the company allows customers to make payments in local currencies and perform foreign exchange purchases, offering affordable, fixed rates with timely international settlements.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
2332-A Walsh Ave. Santa Clara CA USA
Founded year:
2000
Employees:
11-50
IPO status:
Private
Total funding:
USD 14.5 mn
Last Funding:
USD 14.5 mn (Series E; Nov 2006)
Last valuation:
-
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