Details

Industries

Cryptocurrency,E-Commerce,FinTech,Internet,Payments

Operating Status

Active

Incorporated in 2010, Baofu Internet Technology (Shanghai) Co., Ltd was awarded the Payment Licence by People’s Bank of China and approved as the pilot enterprise to do Cross-border Foreign Exchange Payment Business by the China State Administration of Foreign Exchange in 2011. In July, 2015 Baofu received a strategic investment of RMB 250 million from Eastmoney. In 2016, BaoFu successfully renewed its internet payment licence. In 2017, BaoFu was approved by the Foreign Exchange administration for Cross-border foreign exchange business.

As a high-tech company that provides comprehensive payment services, Baofu focuses on e-payments and e-commerce, and takes pride in its leading innovativeness and R&D capabilities. Baofu’s Cross-border Payments is committed to helping merchants do cross-border settlements between RMB and foreign currencies. Baofu has been working with multiple banks on cross-border payments. The supported currencies are: USD, EUR, JPY, GBP, CAD, AUD, SGD, HKD ect. Baofu has also seamlessly integrated with multiple customs: such as Shanghai Customs, Guangzhou Customs, Hangzhou Customs, Ningbo Customs and Zhengzhou Customs. At the same time, Baofu provides merchants with 24/7 customer service. These services make cross-border settlements more efficient, convenient and secure.