NewPay is a third-party payment platform under HNA’s Non-Aviation Asset Management Division. It was established in early 2008 with a registered capital of RMB 100 million.
About NewPay
- As an innovative third-party payment company, Xinsheng Payment successfully obtained the "Payment Business License" issued by the People's Bank of China in May 2011 with its advanced payment platform, secure payment channels and perfect management processes, and successfully renewed it in August 2016. In 2017, it acquired a stake in China UnionPay and became its initial shareholder.
- Xinsheng Payment has industry-leading technical capabilities and service concepts, and has first-class technology and long-term accumulation in the fields of payment clearing, financial services, and information exchange.
- Today, Xinsheng Payment has formed an Internet full payment business structure that integrates online payment, bank card acquiring, cross-border payment and national issuance and acceptance of prepaid cards. Adhering to the vision and mission of "transaction services to initiate digital operations", Xinsheng Payment will rely on leading payment concepts, advanced payment methods and innovative payment products, and is committed to building an excellent brand and promoting the leapfrog development of China's third-party payment industry.
product
1. Collection and settlement of foreign exchange
NewPay provides merchants with safe, efficient and convenient foreign exchange collection and settlement services, supporting major global currencies such as the U.S. dollar, euro, pound sterling, yen, Australian dollar, Hong Kong dollar, Canadian dollar, etc., and provides overseas localized acquiring services in Europe, South America, Russia and other regions.
2. Purchase and payment of foreign exchange
NewPay provides foreign exchange purchase and payment services in currencies such as USD, EUR, GBP, JPY, AUD, HKD, CAD, etc. Funds can be purchased in real time and the funds can be received as soon as T+1 day. It also provides batch centralized foreign exchange payment services.
3. Cross-border RMB payments
Cross-border RMB settlement business is a two-way payment business, including domestic payments to foreign countries and foreign payments to domestic countries. It is a cross-border payment business in which all domestic and foreign payments are made in RMB.
4. Foreign card acquiring
International credit cards: We provide you with international credit card payments such as Visa, Master, JCB, etc., support 3D and non-3D channels, and adopt credit card transaction anti-fraud system to provide credit card transaction anti-fraud security protection for customers in the fields of aviation, hotels, tourism services, etc.
Overseas localized payment: NewPay has reached cooperation with multiple overseas channel service providers such as Yandex, QIWI, SEPA and other payment institutions to carry out international card acquiring business, providing overseas local acquiring business in Europe, South America, Russia and other regions, providing merchants and users with high-quality and secure payment channels.
NewPay (New Payment) Solution
1. Cross-border tourism platform solutions
After receiving funds from tourists, the cross-border travel platform pays air tickets, accommodation and other travel expenses to overseas airlines, hotels and other partner institutions.
2. Cross-border tuition platform solution
After receiving tuition fees from students or parents, the study abroad platform will pay the tuition fees to overseas schools through new student payments, without being subject to the individual's annual foreign exchange limit of US$50,000.
3. International trade logistics solutions
NewPay has newly launched a B2B payment service solution that provides a safe, flexible and convenient solution for the international trade and logistics industry, helping companies improve fund processing efficiency, simplify foreign currency business procedures, and make foreign currency online payments no longer a high threshold. You only need to activate the "NewPay" service and become a merchant of our NewPay, and you can pay cross-border logistics and other related expenses online, which is convenient and fast.
4. O2O international settlement solution
Serving traditional foreign trade small and medium-sized enterprises, we realize cross-border payment and collection services through the O2O international settlement platform; we refine the account management system and monitor the flow of funds in real time.
5. Cross-border e-commerce payment solutions
Import model: The supply of cross-border e-commerce platforms is provided by overseas suppliers, which sell to domestic buyers and individual customers through the e-commerce platform. After collecting funds from domestic buyers and individual customers, the platform settles with overseas suppliers.
Export model: The supply of cross-border e-commerce platforms is provided by domestic suppliers, which sell to overseas buyers and individual customers through the e-commerce platform. After collecting funds from overseas buyers and individual customers, settlement is made with domestic suppliers.
Core Advantages
1. Complete payment system + comprehensive service solutions for the industrial chain:
Payment + logistics + supply chain finance differentiation, customization, full chain. Diversified payment system
2. Safe, convenient and efficient payment system:
Diversity
- Domestic Internet Payment
- Cross-border purchase and payment
- Cross-border exchange collection and settlement
- Cross-border RMB payments
- Overseas localized payment
Globalization
- Supports global mainstream foreign currencies
- Supports overseas local bank card acquiring in parts of South America, Russia, etc.
Facilitation
- Online purchase and payment of foreign exchange, one-stop settlement of foreign exchange
- Online cross-border RMB one-stop clearing and settlement
- Online real-time foreign exchange exchange
- Online payment vouchers and transaction details
Pay with confidence
- PCI highest level certification
- Central Bank Telecom Anti-Fraud System
- 128-bit SSL link encryption
- Bank dedicated line data transmission
