SmartPay Jieyin Ltd. (SmartPay) has launched its real-time payment system in Shanghai and Hebei.
SmartPay works with banks at the regional level to enable real-time payments to provide more accurate processing, according to the company. Partner banks for the rollout of services in Shanghai include China Construction Bank (CCB) and China Merchants Bank (CMB). In Hebei, partners include Huaxia Bank and Agricultural Bank. Merchant partners include China Unicom Hebei and China Unicom Shanghai. Other merchants include Hebei Welfare Lottery Agency, Shanghai South and Pudong Gas, online gaming time for many of China’s largest gaming providers, and other merchant offerings.
”SmartPay’s real time payments service has gained rapid consumer acceptance in regions across China,” SmartPay’s CEO Greg Shen Guowei said. “In addition, SmartPay now allows users to pay phone bills, purchase online gaming time, and increasingly to complete other transactions that make the service increasingly relevant for consumers on a daily basis.”
The expansion to Shanghai and Hebei, closely follows SmartPay’s services rollouts in Anhui, Liaoning, Jiangsu and Chongqing, with banking partners including ICBC, CCB, CMB, ABC and others, and merchant partners including China Unicom, China Mobile, gaming companies and other utilities and retailers.
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