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New E-payment Company Opens In Shanghai
July 20, 2006 |
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Hui Fu Tian Xia, a third party e-payment company, has launched in Shanghai.
Zhou Yeyuan, former general manager of China UnionPay E-payment Service Company, will work as the CEO of this new company, which has won support from a number of domestic and international consortiums including Indonesia's Sampoerna, the biggest shareholder of Hui Fu Tian Xia.
Hui Fu Tian Xia provides a trans-bank payment system featuring remittance services and many other value-added financing services.
Analysts quoted in local media say this new company will be a direct competitor to China UnionPay which has been monopolizing the third-party payment market of China.
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