Singapur (ots/PRNewswire) – SUNRATE, an intelligent global payments and treasury management platform, announced its partnership with YeePay, a leading provider of enterprise payment solutions, to enable Chinese companies to expand into global markets.
With the ongoing trend toward greater global connectivity, China will continue to be a major player in global development, and Chinese companies are playing a crucial role on the international stage more than ever. However, in order to better adapt to international competition and respond to global challenges, the creation and maintenance of sound compliance frameworks have become the core of competitiveness and an essential requirement for international companies. Regulatory compliance and the security of cross-border B2B payments are among the biggest challenges companies face as they go international.
Since the State Council has introduced the Regulations on the Supervision and Management of Non-Bank Payment Institutions (hereinafter referred to as the Regulations), which will come into force on May 1, 2024, YeePay and SUNRATE will actively comply with all regulatory requirements and small and medium-sized Helping enterprises (SMEs) seamlessly operate globally by building a compliant and secure global business payments solution from a single source and assessing global growth opportunities.
Bin Tang, Founder and CEO of YeePay, said: “The strategic collaboration between YeePay and SUNRATE will further improve the compliance and security of cross-border payments. Both SUNRATE and YeePay will continuously strengthen risk management, protect user rights, and actively explore new cooperation models and services to provide safe, convenient and cost-effective payment and transaction services to Chinese companies expanding globally. In addition, we hope more partners will join us to provide Chinese companies with better transaction services for their global expansion.”
Paul Meng, co-founder of SUNRATE, said: “For SUNRATE, security and compliance are the foundation of our business operations. As we expand into various markets, SUNRATE maintains compliant operations locally, including extensive collaboration with well-known local financial institutions. We are pleased to enter into a strategic partnership with YeePay, allowing both companies to work together to create safer and more efficient global payment and collection services for Chinese businesses.”
Information about SUNRATE
SUNRATE is an intelligent global payments and treasury management platform for companies worldwide. Since its founding in 2016, SUNRATE has been recognized as a leading solutions provider, enabling companies to operate and scale both locally and globally in over 190 countries and regions with its state-of-the-art proprietary platform, extensive global network and robust APIs.
With its global headquarters in Singapore and offices in Hong Kong, Jakarta, London and Shanghai, SUNRATE works with the world’s leading financial institutions such as Citibank, Standard Chartered, Barclays and JP Morgan. To learn more about SUNRATE, visit https://www.sunrate.com/
Information about YeePay
Founded in 2003, YeePay is one of the leading providers of business payment services in China. The company offers complete enterprise payment solutions that integrate multiple payment channels, including online, mobile and offline payments, on the front end and streamline processing processes on the back end. YeePay’s main advantage is customized solutions and value-added services for vertical industries such as airlines and travel, new retail, Internet financing, government and education, cross-border, etc. YeePay holds the payment license of the People’s Bank of China and the cross-border license of the State Administration of Foreign Exchange .
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Questions & Contact:
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