What is continuous payment?

IOT Yintong Electronic Payment Co., Ltd. (hereinafter referred to as IOT Payment), established in 2003, is a wholly-owned subsidiary of IOT Group, and its business covers Internet payment and mobile payment services nationwide.

1, 20 13, 1 1 year 10. In October, Lianlianfu cooperated with China Bank Yiwu Branch to carry out cross-border RMB revenue and expenditure business, and showed its cross-border business products to the society at China International Electronic Commerce Expo in April 20 14.

1. Global remittance: mainly providing foreign currency settlement and foreign exchange purchase services. Currently all 14 settlement currencies are supported. In addition to mainstream international currencies such as the United States, Britain, Japan and Canada, it also supports foreign currency settlement in small currencies such as Thai baht and Taiwan dollar, effectively solving the problem of capital exchange for domestic and foreign merchants, especially those in Southeast Asia. In addition, GSM can also solve the problem of personal limit of $50,000 (transaction background is needed) and provide good service support for small and medium sellers of cross-border e-commerce. At present, it is in a leading position among similar products in the foreign exchange market.

2. Global payment: In addition to supporting international common foreign card payment channels such as VISA, MASTERCARD and JCB, it also cooperates with local payment companies such as QIWI and Ebanx in countries with close economic and trade development with China, such as Russia and Brazil. Effectively improve the success rate of overseas payment, help China enterprises to expand overseas markets, and realize global fund collection.

3. With global remittance and global payment as the foreign exchange business support system, and with the domestic RMB cashier service, the fund processing processes such as payment, purchase of foreign exchange, payment of foreign exchange and declaration are completed, providing domestic and foreign merchants with a one-stop fund solution for the China market. At present, it has established close cooperative relations with European OTA Group, cross-border e-commerce and other benchmarking businesses, and achieved business growth in China, winning wide acclaim.

Extended data

Electronic payment refers to the behavior that consumers, businesses and financial institutions use secure electronic means to securely transmit payment information to banks or corresponding processing institutions through information networks to realize monetary payment or capital circulation.

In the 1990s, the Internet spread rapidly, and gradually moved from universities and scientific research institutions to enterprises and families. Its function has also evolved from information sharing to a popular means of information dissemination, and commercial and trade activities have gradually entered this kingdom.

By using the Internet, not only the cost is reduced, but also more business opportunities are created. As a result, the development of e-commerce technology has gradually become the biggest hot spot of Internet application. In order to adapt to the market trend of e-commerce, electronic payment has also developed.

Baidu Encyclopedia: Continuous Payment