Fuiou

Company profile

Fuiou company profile

Fuiou is a third-party payment solutions company that provides commercial and private clients with solutions in the fields of POS, online payment, prepaid cards, convenience store payment, money transfer, and account products. It has 3 licenses issued by The People’s Bank of China (PBC), including bank card acquiring, online payment, and prepaid card issuing and acquiring. The company is a principal member of China UnionPay. The company’s product, Fuiou Cross-border Online Payment Service, is a payment solution that allows buyers to pay for goods sold on international partner merchant websites using Renminbi (RMB). Fuiou remits the sum in a foreign currency to the international merchant in settlement. Fuiou has over 300 partners, including national and regional banks, payment providers, commerce software providers, and independent sales agencies. It provides electronic payment services for over 80,000 merchants from various industries, and processes over 6 million transactions a month, with over 15 billion RMB. Fuiou was founded in 2008 by Dr Jian Chen and is headquartered in Shanghai with 18 branch companies and expanded businesses in 27 provinces in China.