Description
宝付支付（上海）有限公司 (Baofu Payment) is a payment technology company founded in 2011 with registered capital of RMB 800 million, and received its Payment Business License from the People's Bank of China at the end of 2011. It offers acquiring products (online banking payment, authenticated payment, direct debit/collection, quick payment, aggregated payment, contract/agreement payment), settlement products (payout, real-time settlement across 365 days a year), and cross-border products (cross-border payment and collection), as well as industry-specific solutions like fund custody and real-time split settlement (分账). The company reports annual transaction volume in the trillions of RMB, over 20,000 contracted merchants, more than 12 million daily transactions, coverage of over 30 major domestic banks, and a top-5 market share ranking per iResearch's 2024 China Third-Party Internet Payment Market report. Its industry solutions target consumer/internet finance companies, insurance companies (premium collection, claims payout, commission disbursement), and logistics companies (collection and payout for goods), along with general commerce/e-commerce merchants needing one-stop payment solutions.