YabandPay is a regulated Dutch payment institution that provides secure online and offline payment solutions, including integration with popular methods like WeChat Pay and Alipay, to facilitate transactions for European merchants. The platform addresses the complexities of cross-border payments by ensuring fast fund settlement and compliance with European regulations, enabling businesses to efficiently connect with customers across different regions.
Funding
Funding not disclosed
Founders
Product
Problem
European merchants face challenges in efficiently processing cross-border payments, particularly when dealing with customers who prefer popular Chinese payment methods like WeChat Pay and Alipay. Integrating these diverse payment options while adhering to European regulations adds complexity and can slow down transaction times.
Solution
YabandPay is a regulated Dutch payment institution that streamlines online and offline payment processing for European merchants by integrating popular payment methods, including WeChat Pay, Alipay, iDEAL, and UnionPay. The platform simplifies cross-border transactions, ensuring fast fund settlement and compliance with European regulations like PSD2. YabandPay offers e-commerce plugins and in-store devices, enabling merchants to accept payments through hosted or embedded solutions, QR codes, and other methods. The company also provides marketing promotion services in cooperation with WeChat Pay and Alipay, as well as 24/7 customer support and technical assistance for platform setup and integration.
Target Audience
YabandPay primarily serves European merchants, including e-commerce businesses and brick-and-mortar stores, seeking to efficiently process payments from customers who prefer Chinese payment methods and other popular options.
Features
- Integration with WeChat Pay, Alipay, iDEAL, and UnionPay
- E-commerce plugins for hosted and embedded payment solutions
- In-store payment devices, including Sunmi POS, Smart Box, and Cloud Printer
- Compliant with Payment Services Directive (PSD2)
- Transaction funds held in segregated bank accounts supervised by the central bank
- Short settlement period (T+1)
- Free marketing promotion services in cooperation with WeChat Pay and Alipay
- 24/7 customer support and technical assistance
- Pay by Link feature for contextual commerce
- WeChat Mini Program store setup