Real time electronic KYC verification for all China Citizen ID Cards that simplifies the customer onboarding process.
Based on a variety of authentication methods includingconsumer's identity and behavior and provides authentication services via API.
A complete Identity Verification Solution customized to fit specific business requirements.
Covers all Chinese Citizens ID Cards:
Verification of China ID Card and name
Verification of photo on China ID Card
Verification of domicile on China ID Card
Verification of China ID Card with registered phone number for all phone numbers of China Mobile,China Unicom and China Telecom
Verification of China ID Card, name, bank card number, and phone number with registered information of applicable China Bank for all credit cards and debit cards of sixteen National Banks and Regional Banks
Combined with a Tag system for basic attributes (gender,age,photo), social attributes (occupation, social, group), consumption attributes(place, product), interests and hobbies (game, book, film, travel) Converges payment authentication with KYC verification simplifying the customer onboarding process
Start accepting payments from over 800 million customers in China with an online and offline seamless payment solution.
Covers all UnionPay debit and credit cards, one of the world's leading payment card brands, and all China telecom carriers
Allows merchants to send and receive payments to and from China.
China customers get to pay for their purchases with their preferred payment method and in their own currency and merchants get paid in their local currency
Provides customs compliance and clearance
Cross-border RMB outbound settlement:
Both B2B and B2C
No requirement to set up a China entity or a new bank account for domestic China collection of funds and offshore settlement
Cross-border RMB outbound settlement:
Both B2B and B2C
Payment to all onshore RMB Bank Accounts
Authentication of China Mainland Customer:
SMS Authentication
Customer provides China National Identification number, China phone number and debit or credit card number
Refunds
Processed through same chanel as initial transaction
Declines and Disputes
Simple setup via API with minimal changes to existing infrastructure:
Mobile payment
Ecommerce/online payment
Direct debit
E-payment-|(B2B payments)
In-app payment
IVR Payment- purchase made with UnionPay cardholder details and phone number through customer services by UnionPay cardholder making a call to the call centreor online with UnionPay cardholder inserting details and receiving a call back from customer service
"PayEco" Checkout- the new ecommerce platform
Transactions related to any of the following:
Drugs and related paraphernalia
Gambling and/or casinos
Direct debit
Adult content (pornography)
Capital nature
Money laundering, sham transactions and other fraudulent or deceptive actions
Any other transactions which may breach the laws and regulations of the People's Republic of China, Hong Kong SAR and the Countries and Regions involved in the transactions
Based on PBOC's policies and merchant's industry
subject to chang
Cross-border Limits
B2B: Service 1M/Goods 200K
B2C: Service 200K/Goods 200K
DNA payment limit:
RMB 20,000 per transaction, RMB 50,000 per day.
Cross-border limit: RMB 200,000 per day (Note: this means the max. cross-border limit applicable for DNA payment is actually RMB 50,000 per day).
Mobile app payment limit:
RMB 20,000 per transaction, RMB 50,000 per day.
Cross-border limit: RMB 200,000 per day (Note: this means the max. cross-border limit applicable for mobile app payment is actually RMB 50,000 per day).
Internet Payment limit:
RMB 500K - 1 mil per transaction
Cross-border limit: RMB 200,000 per day (May require multiple settlements for the same transaction over multiple days)
E-payment/debit payment limit:
RMB 500,000 per transaction, RMB 5 million per month
Cross-border limits:
1. For B2B (Outbound) & B2B (Inbound): RMB 200K per day for goods trade, RMB 1 mil for service trade
2. For Passive C2B (Outbound) & B2C (Inbound): RMB 200K per day
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.