What is CICC Payment? CICC Payment Review, Features

What is CICC Payment? CICC Payment Review, Features

CICC Payment is committed to providing customers with the highest quality services in the third-party payment field.

About CICC Payment

  • China Payment & Clearing Network Co., Ltd. was established in 2010. It is a third-party payment institution specializing in Internet payment. In 2011, it obtained the "Payment Business License" issued by the People's Bank of China.
  • The predecessor of CICC Payment was a dedicated project established by the National Development and Reform Commission - "Unified E-commerce Secure Online Payment Platform", which was completed in 2009 and passed the acceptance of the People's Bank of China.
  • CICC Payment adheres to the core values ​​of "integrity, win-win, and gratitude" as a guide, inspiring generations of CICC people to always be honest, grateful, and win-win when they are deeply involved in the real industry and serving the real economy. The company has a senior R&D technical team, business expert team, product operation team, key customer service team, etc. in the industry, and is committed to quickly responding to customer needs and providing the highest quality and most professional services.

CICC Payment's products and services

  • The company has a complete payment product system and mainly provides online payment solutions for public service institutions, industry trading markets, supply chains, logistics and other fields. The company has continuously won full recognition from a large number of institutional customers with high-quality services and complete solutions.
  • As a professional online payment platform in China, CICC Payment relies on the risk control technology of its parent company, China Financial Certification Center, to monitor transactions, funds, privacy, and risks in real time.
  • The company's business mainly includes two business categories: corporate and personal. It covers online banking payment, certified quick payment, guaranteed payment, entrusted payment, entrusted collection, and collection and payment through train.
  • The company's services include: reconciliation inquiry, account settlement, account verification, refund service, credit intermediary, merchant service system, electronic receipt and electronic signature, etc.

The History of CICC Payment

  • Launched the project in 2005

China Financial Certification Center (CFCA) has set up a dedicated project in the National Development and Reform Commission - "Unified E-commerce Secure Online Payment Platform";

  • Established a company in 2010

The project passed the acceptance of the People's Bank of China, and China International Capital Payment Co., Ltd. was officially established and won the title of "the most promising payment platform in 2010";

  • Licensed to operate in 2011

China International Capital Payment Co., Ltd. obtained the Payment Business License issued by the People's Bank of China, and its business began to grow steadily;

  • Grew steadily in 2012

The transaction volume of CICC Payment exceeded RMB 10 billion, and it has made breakthroughs in industries such as tobacco government affairs, bulk, logistics, and e-commerce platforms;

  • Entered professional stage in 2013

The transaction volume of CICC Payment exceeded RMB 40 billion, and it has formed professional online payment solutions in the fields of bidding, e-government, supply chain, logistics, B2B trading market, etc., and won the title of "Top 20 Trusted Service Providers in China";

  • 2014 Brand Improvement

China International Capital Payment's transaction volume reached RMB 200 billion, and it officially launched a number of innovative services including online supply chain financing and RMB cross-border payments, significantly enhancing its brand influence;

  • Focused on innovation and development in 2015

CICC Payment’s transaction volume reached RMB 830 billion, achieving more than four-fold growth for four consecutive years.

  • Grew rapidly in 2016

CICC Payment’s transaction volume exceeded one trillion yuan, ranking fifth in the industry in terms of annual transaction scale. It is the youngest platform among the top five.

  • 2017 Business Upgrade Promoted the business

CICC Payment’s transaction volume reached RMB 1.45 trillion, ranking fifth in the industry. It launched products such as enterprise data services, cash management, and supply chain finance, achieving the goal of building an ecosystem that integrates industry and finance, financial support, and technological innovation.

  • Formulated strategic layout in 2018

CICC Payment's transaction volume has grown steadily, integrating traditional payment businesses and innovative product services, and building a CICC Payment industry ecosystem that integrates comprehensive industrial chain payment, supply chain financial technology, cross-border payment, and big data services to achieve strategic upgrades.

  • 2019 – Positive transformation

The transaction volume of CICC Payment has been steadily increasing. On the basis of traditional payment business, it has continuously pioneered and innovated, used financial technology to empower the government and financial institutions, effectively solved the problems of small and medium-sized enterprises, and helped the transformation and upgrading of the industry. It has won honors such as "China's High-quality Service Provider in the B2B Field in 2019" and "China's Top 50 Industrial Internet Enterprise Services in 2019".

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