What is TatuPay? TatuPay Review, Features

TatuPay (Shenzhen Tatu Information Technology Co., Ltd.) was established in March 2016. It is a financial technology brand that provides professional global collection, foreign exchange and cross-border funds settlement services for international e-commerce platform sellers, cross-border e-commerce independent sites, and B2B foreign trade companies.

About TatuPay

Tatu Payment has been engaged in domestic card payment collection as early as 2013. It has always been at the forefront of the industry and has rich banking cooperation resources. In 2016, it began to engage in foreign currency payment collection business. With flexible fund supervision and fast turnover, it is very popular and loved by small and medium-sized foreign trade enterprises. Tatu Payment is still constantly accumulating and innovating, and is committed to becoming the most favorite financial technology brand for cross-border trade enterprises.

Products and Services

1. Cross-border e-commerce payment collection

1. Defining a new level of “safety”

Adhering to the gene of compliance, Tatu Payment has created a new secondary settlement model to truly achieve a closed loop of safe capital circulation.

2. Set a new low and save more

The innovation of the model has brought the fee coefficient to a new low, with the withdrawal fee capped at 0.5% and zero exchange loss at the online real-time exchange rate.

3. Fast means less worry

Unified management of multiple platforms supports real-time withdrawal (no later than two working days) to accelerate capital turnover.

2. B2B foreign trade payment collection

1. Real account, available online

TatuPay only opens a real bank account for you. You own the account and the account information such as the name of the account holder is completely yours. You can check the fund changes at any time and conduct online bank reconciliation.

2. Direct connection to banks, safe and compliant

Tatu Payment is directly connected to banks, and the funds are cleared by the same bank throughout the entire process without going through any third-party payment institutions, eliminating potential financial security risks and truly achieving a closed-loop safe flow of funds.

3. Extremely fast activation and ultimate experience

Tatu Payment can open an overseas local account in 1 day, supports payment in multiple mainstream currencies such as US dollars and euros, and cash withdrawals are received in 0-2 days with 0 exchange rate loss, giving you the ultimate payment experience.

Fees

Online: Currently, AliExpress is free, while other cross-border e-commerce platforms have a capped fee of 0.5%.

Offline: 10 USD/transfer, the maximum fee for foreign exchange withdrawal is 0.5%

Advantages

1. Recognition and supervision by authoritative organizations

As a key enterprise in the China (Shenzhen) Cross-border E-Commerce Comprehensive Pilot Zone, Tatu Payment's innovative business model has been approved by the People's Bank of China and is also subject to supervision by authoritative agencies in the place where international trade takes place.

2. Anti-fraud and anti-money laundering systems

TatuPay starts with customer access, customer transaction characteristics, transaction scenario characteristics, various blacklists such as SDN List, anti-terrorist funds, etc., and combines relevant laws and regulations of countries around the world to develop a complete anti-fraud detection system with an embedded anti-money laundering module.

3. Bank-level internal control system

TatuPay fully cooperates with international banks, and its system is directly connected to banks. TatuPay's internal control system and process system are fully recognized by banks. Customers can conduct online bank reconciliation at any time to ensure the safety of funds.

4. Bank-level information security technology

Tatu Payment is connected to the bank's security protection system, and through a series of measures such as multiple identity authentication and authority control, it ensures that fund operations are not subject to any control other than customer instructions.

5. Information security and privacy protection

TatuPay has a technical and risk team from Alibaba and Ant Financial, which has built a complete information security system to strictly protect customer information and ensure privacy security.

Development experience

-In March 2016, Shenzhen Tatu Information Technology Co., Ltd. was established. The founding team came from China's four major state-owned banks and received angel round financing in October of the same year.

-In June 2017, TatuPay settled in the China (Shenzhen) Cross-border E-commerce Comprehensive Pilot Zone.

-In September 2017, we launched the TatuPay cross-border fund settlement platform to focus on serving small and medium-sized enterprises in cross-border trade. We signed contracts with the Industrial and Commercial Bank of China and the Agricultural Bank of China to establish partnerships.

-In November 2017, it was named "Star Enterprise of 'E-Global' Project" in Shenzhen Comprehensive Pilot Zone.

-In June 2018, it was rated as "Guangdong Province Key Cross-border E-commerce Service Enterprise" by the Department of Commerce of Guangdong Province.

-In October 2018, it obtained pre-A round of financing, led by Huaou Venture Capital; signed contracts with Shanghai Bank and China Zheshang Bank to establish partnerships; B2B foreign trade settlement services were launched to serve offline foreign trade companies.

-In November 2018, we signed a contract with Wish, the largest mobile e-commerce platform in North America and Europe, and became Wish's cross-border settlement service provider.