PayEase

About PayEase

PayEase is a third-party payment service provider founded in 1998 in Beijing, China. The company offers a comprehensive payment platform that facilitates mobile, online, call center, and POS terminal transactions. It provides a cross-border payment gateway allowing international merchants to conduct business in China by processing transactions in Renminbi (RMB) and converting them to the merchant's home currency.

The company's platform is connected with the majority of banks in China and supports a wide range of domestic and international credit and debit cards, including Visa, MasterCard, American Express, and JCB. PayEase serves a diverse client base across sectors such as media, travel, e-commerce, insurance, and online gaming, with notable customers including Apple, Amazon, Nike, and H&M. Key services include internet payments, mobile payments, and customized one-stop solutions for domestic and foreign payment and settlement. The business model centers on providing these secure payment processing services and solutions to merchants.

Significant milestones for PayEase include becoming the official payment platform for the 2008 Beijing Olympic Games and obtaining a third-party payment business license from the People's Bank of China in 2011. The company also secured permits for cross-border foreign exchange and RMB payment services in 2014 and 2015, respectively. PayEase holds ISO27001 and PCI DSS certifications for information and data security. In February 2015, PayEase was acquired by Mozido, a US-based provider of cloud platform mobile payment solutions, to expand Mozido's reach into the Chinese market.