BEIJING, April 30 /Xinhua-PRNewswire/ -- YeePay, a leading provider of integrated e-payment services in China, was named a China Internet 100 and Innovator 50 Company in the recently released China Internet Survey Report 2007 (Internet Guide 2007) by China Internet Society. The designation recognizes the most innovative and influential Internet companies in China. YeePay was the only payment service provider selected as an Innovator 50 Company. This is the second time that YeePay was named an Innovator 50 Company.
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China Internet Survey is by far the largest and most authoritative research on China's Internet market. It was organized by China Internet Society and conducted by DCCI (Data Center of the China Internet). The Survey first started in 2004 and is conducted annually. The 2006-2007 survey project lasted for six months, with the participation of more than 900 Internet companies and 80684 users, the project committee also held 36 workshops. The Innovator 50 were nominated by a special committee of 200 experts, based on criteria such as product, technology, management, operation, service and overall innovation.
YeePay is widely recognized as the innovator who first introduced telephone payment and integrated payment solution. YeePay's payment platform not only allows users to make online payments easily and securely, but also supports offline payment channels including telephone and mobile. This integrated online/offline approach fits well with China's market environment as the mobile/telephone user base is significantly larger than the Internet user base. On the other hand, a vast number of small to medium size businesses sell through telephone and do not have online presence, therefore they cannot process online payments, but still have a demand to collect payments remotely. With telephone payment, users can make payments over the phone using their bank cards by dialing into telephone banking system, turning every phone device into a virtual POS.
Traditionally the competition in China's market is price driven not value driven. But more and more companies start to put an emphasis on creating value through innovation. The Innovator 50 recognizes this trend.
About YeePay
YeePay is a leading e-payment service provider in China, with a mission to provide better e-payment solutions and value-added financial services through technology and innovation. Headquartered in Beijing, China, YeePay also has branch offices in Shanghai, Guangzhou, Chengdu and Hohhot. As the first company in China to provide a single platform integrating both online and offline electronic payments, YeePay's innovative solutions enable consumers and businesses to make and receive payments over the Internet, mobile and telephone securely, conveniently and cost effectively. YeePay has formed strategic partnerships with major banks in China. YeePay's customers include leading internet companies and ecommerce websites as well as many merchants in traditional industries, such as Baidu, TOM Online, Shanda, KingSoft, DangDang, eLong, GoMe Electronics and China Unicom. YeePay was recognized as the "Best Payment Platform" by the China eCommerce Association and one of the "Top 50 Innovators" by the China Internet Society.
For more information about YeePay, please visit http://www.yeepay.com .
