Incorporated in 2010, Baofu Internet Technology (Shanghai) Co., Ltd was awarded the Payment Licence by People’s Bank of China and approved as the pilot enterprise to do Cross-border Foreign Exchange Payment Business by the China State Administration of Foreign Exchange in 2011. In July, 2015 Baofu received a strategic investment of RMB 250 million from Eastmoney. In 2016, BaoFu successfully renewed its internet payment licence. In 2017, BaoFu was approved by the Foreign Exchange administration for Cross-border foreign exchange business. As a high-tech company that provides comprehensive payment services, Baofu focuses on e-payments and e-commerce, and takes pride in its leading innovativeness and R&D capabilities. Baofu’s Cross-border Payments is committed to helping merchants do cross-border settlements between RMB and foreign currencies. Baofu has been working with multiple banks on cross-border payments. The supported currencies are: USD, EUR, JPY, GBP, CAD, AUD, SGD, HKD ect. Baofu has also seamlessly integrated with multiple customs: such as Shanghai Customs, Guangzhou Customs, Hangzhou Customs, Ningbo Customs and Zhengzhou Customs. At the same time, Baofu provides merchants with 24/7 customer service. These services make cross-border settlements more efficient, convenient and secure.