Shanghai SmartPay Jieyin Ltd., the electronic payment leader
in China, recently reached a cooperative agreement with Net263 Ltd.
Shanghai Branch to jointly promote diversified
payment solutions in the telecommunications field. The payment solutions
will launch in April.
Shanghai 263 will be able to utilize payment solutions via mobile,
fixed line telephone, the Internet, and SVA (Stored-Value-Account). Net263,
established in 1998, has become one of the most important companies
providing Internet communication services based on innovative technologies.
As a leader of electronic payment in China, SmartPay has succeeded in
exploring various payment services with its innovative, secure and stable
payment products. With the launch of http://www.172.com , SmartPay has
centralized its mobile, telephone and internet-based payment services in
one convenient portal for consumers.
Greg Shen, CEO of SmartPay, commented,” SmartPay will be continuously
committed to the innovations on payment solutions in more extensive fields,
and promote the realization of payment convenience to create an easy and
vogue life for people.
SmartPay provides remote payment services in China under the brand name
“Jieyin”. Chinese consumers and intermediaries utilize SmartPay Jieyin for
the payment of mobile, utility, travel-related and other payments. Smartpay
continues to launch additional payment services under the “Jieyin” brand
name. Investors in SmartPay include RRE Ventures ( http://www.rre.com ),
Evolution Capital, Lunar Group Capital, Accel Partners and others.