A Brief Introduction of BFOPay

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BFOPay 跨境支付解决方案 PRESENTED BY Bob Jiang

Transcript of A Brief Introduction of BFOPay

BFOPay跨境支付解决方案

PRESENTED BY Bob Jiang

CONTENTS

PART ONEBackground

1PART TWOWhat BFOPay

2PART THREE

Why BFOPay

3PART FOUR

How BFOPay

4

PART ONE

Background

¥17 trillion, 38.71% , 2013; ¥23.3 trillion, 2014TREND

Background 25% RMB Settled; 174 countries RMB Balanced

Lower Risk of Exchange Rate , Cost-Saving, Multi-

Financial Products & Services Available Notification

Win-WinBanks, Cross-border Merchants, Customers

01

02

03

04

BFOPay | COMPANY

PART ONEBackground

PART TWO

What BFOPay

PART THREEWhat BFOPay

01

BFOPay | COMPANY

02

03

Cross-border Currencies Deposit

RMB Transaction Settlement with Multi-Currencies

Cross-border Currencies Withdrawal

Things You Want to KnowDeposit

Real-time RMB Deposit, CUP supported, and no limit

T+1 settled for HK, T+3 settled for overseas. Faster than Ever

12 Main CH Banks for Real-time , 7*24*365 Withdrawal, ONLY¥5/trans

PART TRESS

Why BFOPay

From between the early 1970s and 2015, you can count the number of consumer payment innovations that has been widely used by people: PayPal, Credit Cards, Personal & Commercial & Mortgage Loans, ATMs and etc.

What Has Been Wrong?

They Are Not FAST and CHEAP.They Are Not Fit for Global Services Built natively on the Internet

BFOPay | COMPANY

01 Flexible

02 Lower Cost

03 Real-Time In & Out

04 Risk Control Mechanism

PARTTWO

Why BFOPay

PARTTWO

Spawning massive innovation in Payments Solution, RMB Transaction

Settlement

Be able to Improve the Lives of Billions of Chinese People Across the

World.

Building on Top of a global, fast, cheap payment network via the

internet

Sets of APIS that enable developers to easily build applications

Why BFOPay?

PART FOUR

How BFOPay

PART FOURHow BFOPay

BFOPay | COMPANY

BFOPay will sent Merchant’s info to Risk Control Department for test

Fill in the Merchant Application Document List

Documents ApprovalPaper Agreement should be signed and sent back to BFOPay

Agreement Sign

BFOPay will provide APIs to merchants and integrate it under their system

API Integrations

Step I

Step II

Step III

Step IV

Qualification Test

FAQ

General Queries

Q1: What is API Specification?

The BFOPay General Payments API Specification is a set of interfaces between the Client-side System and the BFOPay Payments platform, including:

•BFOPay General Interaction Interface, •Payments Interface •Notifying Interaction Interface

The specification also sets the unified standard for modes of Interactions, Data Exchange and Security between the Client-side System and the BFOPay Payments System.

Q2: What are Interaction Modes?

Q3: What is Withdrawal Function?

Step III:After Upload, you need to go to “Payment Verification” to select the Batch no., and “Audited”(It’s for double check the amount, person)

The information must be in Chinese, is

because In China, all the bank system only

read Chinese

ENDThanks for Watching

PRESENTED BY Bob Jiang