China Payment System Development Report 2018

China’s Payment System Evolution: A Glance at 2018

2018 marked a watershed year for China’s payment system, witnessing unprecedented growth and innovations. The country’s relentless pursuit of digital payment solutions catapulted it to the forefront of the global financial technology landscape.

The Rise of Mobile Payments

In 2018, China solidified its dominance in mobile payments, with platforms like Alipay and WeChat Pay revolutionizing the way transactions are conducted. The sheer convenience and speed of mobile payment solutions reshaped the consumer experience and set new benchmarks for the industry.

Regulatory Reforms and Impact

Regulatory reforms played a pivotal role in shaping China’s payment system landscape in 2018. Initiatives aimed at enhancing security, data privacy, and interoperability brought about a more robust and consumer-centric ecosystem.

Emerging Technologies

2018 witnessed an influx of emerging technologies like blockchain and biometrics into China’s payment sector. These innovations paved the way for enhanced security, efficiency, and transparency in transactions, setting the stage for future growth and transformation.

Global Impact and Collaboration

China’s payment system evolution in 2018 reverberated on a global scale, inspiring collaboration and knowledge exchange across borders. The country’s success story served as a beacon for other nations striving to embrace digital payments and financial inclusion.

Future Trends and Prospects

As we look ahead, the trajectory of China’s payment system development in 2018 sets the stage for continued innovation and growth. With evolving consumer preferences and technological advancements, the landscape promises to be dynamic and transformative, heralding a new era of financial services.

About Our Company

Bamboo Digital Technologies

As the overseas brand of Robust&Rapid System Co., a leading independent payment software vendor in China, BDT(Bamboo Digital Technologies) has accumulated the best practices in technology and business innovation from the world’s most dynamic marketplaces. We empower our clients with the tools necessary to accelerate financial inclusion.

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Since 2011

Growth with Digital Payment Industry

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100+

Technology Patents

20+

Industry Awards

eWallet

Brings you proven payment technology and out-of-the-box capabilities to accelerate the time-to-market for your e-wallet. Creating a mobile wallet for your organization has never been simpler!

  • Multiple Payment Methods

Armed with extensive contactless payment methods like QR code, NFC, USSD, & Virtual Cards to make your customer’s transactions a whole lot easier & quicker.

  • Fully Customizable UI

Designed with best UI and UX practices, FFT software Mobile Wallet can be tailored to fit your branding seamlessly, and provids a hassle-free experience for your customers.

  • Extremely Scalable Backend Core

Based on FFT payment tech platform, enables easy customization of features, workflows, and integrations to fit your unique needs. FFT’s payment tech platform is designed to be future-proof, allowing for instant scaling locally and globally.

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All-inclusive Payment

BDT all-inclusive payment solution supports the complete lifecycle of a transaction，monitors transactions in real-time, runs risk checks, and consolidates payment data in one place!

  • Catering for all business types

Empower different businesses – from online e-commerce marketplaces to brick-and-mortar stores with to accept payments across various channels.

  • Streamlined payment acceptance

Get maximum flexibility to customize the payment transaction flow and offer frictionless transaction processing both in-store and a secure payment gateway for online transactions.

  • Any currency, multiple channels

Support an unlimited number of currencies and let merchants accept card payments, process digital wallet transactions as well as bank debit card payments, etc.

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Cards

Easily issue, activate and manage your prepaid card programs with security and convenience. It’s user friendly, simple, accessible, and scalable for all.

  • All in One - Issue & Manage Cards

From card issuance, activation, and management, to an admin view of the solution, manage all card operations at your fingertips.

  • Enhanced Customer Experience

Empower your customers with advanced self-service features. Let them activate cards, make payments, load funds, check balances, view transactions & more, leading to enhanced satisfaction

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Digital Banking

One-stop digital banking service, allowing your customers to enjoy convenient and fast banking services anytime, anywhere.

  • Personalized customer journeys

Tailor the customer experience to their unique preferences and habits by delivering content and services through the most appropriate channels

  • Omnichannel banking

Allowing consistent user experience access across channels.

  • Open API & Ecosystem

Boost your product and service offering by seamlessly integrating with other financial or non-financial service providers, unlock a world of opportunities to deliver innovation for your customers to enjoy.

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About Our Company

Why we do?

At BDT, we believe that everyone has the right to access the necessary financial resources to achieve their goals, and helping to make this possible is worth fighting for.

What we do?

We are committed to helping our clients to provide better financial services that enable everyone to access the necessary financial resources. We see it as our mission to support our clients in delivering these services with greater efficiency and effectiveness. We are passionate about developing innovative financial technology solutions that make it easier for people to manage their finances and achieve their goals, and we believe that by partnering with our clients, we can make a positive impact in the industry.

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