A Brief Introduction of BFOPay
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If you’d asked eCommerce merchants 3 years ago what tools their checkout would need to support, it wouldn’t have taken long to answer. They’d need to know how to have bank accounts. Now, pages from eCommerce checkout page--bank notice page--bank personal check page--Deal Page--Paying Verified--Done, SO INCONVENIENT.
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A Brief Introduction of BFOPay
- 1. BFOPay 跨境支付解决方案 PRESENTED BY Bob Jiang
- 2. CONTENTS PART ONE Background 1 PART TWO What BFOPay 2 PART THREE Why BFOPay 3 PART FOUR How BFOPay 4
- 4. ￥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 ONE Background
- 6. PART THREE What BFOPay 01 BFOPay | COMPANY 02 03 Cross-border Currencies Deposit RMB Transaction Settlement with Multi-Currencies Cross-border Currencies Withdrawal
- 7. Things You Want to Know Deposit 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
- 9. 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 PART TWO Why BFOPay
- 10. PART TWO 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?
- 12. PART FOUR How BFOPay BFOPay | COMPANY BFOPay will sent Merchant’s info to Risk Control Department for test Fill in the Merchant Application Document List Documents Approval Paper 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
- 14. 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.
- 15. Q2: What are Interaction Modes?
- 16. Q3: What is Withdrawal Function?
- 18. 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
- 20. END Thanks for Watching PRESENTED BY Bob Jiang