Best Payments Companies in China
The 185 best Payments companies in China in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Ant Group.
China's Payments sector has serious weight behind it: 185 companies tracked, $36.2B in total disclosed funding, and five unicorns anchoring the top of the stack. Ant Group alone accounts for $30.5B of that capital, which tells you something about how concentrated the upside is here. Suning Finance sits at $3.2B, XTransfer has pulled in $168M, and then the curve drops fast. The global payments market was valued at roughly $511.9B in 2022 and is forecast to reach $847.6B by 2027 at an 8.9% CAGR, driven by open banking, blockchain adoption, and the accelerating shift to contactless. China's ecosystem is positioned squarely inside that current.
What I find interesting this quarter is how the hot themes are pulling in different directions. Faster payments infrastructure is getting real attention, and so is FX and balance-of-payments complexity for cross-border players like XTransfer. Meanwhile, the regulatory picture still has gaps that create both friction and opportunity. The sector's coverage is flat right now, but the underlying activity isn't. Udaan's move to build its own in-house payment rails and flight-related payment disputes making headlines are signals that payments infrastructure is under active stress-testing globally. GSR Ventures, Sequoia Capital, and Gaorong Capital are the names writing the biggest checks here. So if you're mapping this space, the directory below is where to start.
Our analysis of 150 Payments companies
$44.9b in tracked funding; 96% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2021.
Ranked: Best Payments companies in China
| # | Company | Disclosed funding | Last round | Stage | Employees | Founded | Founder | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Ant Group 🦄 Payment processing solution for consumers, small and micro businesses 74Moat top 20%Market top 27%Funding top 29%News top 29% All 10 signals ▾Moattop 20% Markettop 27% Fundingtop 29% Newstop 29% Innovationtop 32% Growthtop 33% Producttop 33% Talenttop 38% Techbottom 41% Globalbottom 38% Moat: Editorial + unicorn rating 10/10 · Decacorn Market: 16,000 employees (top 1% of FinTech) · Top-500,000 web property rank vs industry peers · Fliar Intelligence Index 74/100 | $30.5B | 64 mo ago | Series D | 16,000 | 2004 | Jack Ma Founder | — | — |
| 2 | Suning Finance 🦄 Online platform for financial products 55Moat top 15%Funding top 27%Market top 41%Talent bottom 49% All 5 signals ▾Moattop 15% Fundingtop 27% Markettop 41% Talentbottom 49% Globalbottom 36% Moat: Editorial + unicorn rating 9/10 · Unicorn Funding: Raised $3.2B across 4 rounds · 4 rounds over 11 yrs (0.4/yr) rank vs industry peers · Fliar Intelligence Index 55/100 | $3.2B | 80 mo ago | Series C | — | 2015 | Zhang Jindong Founder | — | — |
| 3 | 51 Credit Card 🦄 Credit card bill management tool for consumers | $509M | 115 mo ago | Series C | 459 | 2012 | — | — | — |
| 4 | Lakala 🦄 POS payment acceptance solution for businesses | $350M | 131 mo ago | Public | 2,315 | 2005 | Sun Taoran Founder & CEO | — | — |
| 5 | 55tuan O2O daily deals platform | $250M | 144 mo ago | Public | 124 | 2010 | Wang Yunming Founder & CEO | — | — |
| 6 | XTransfer 🦄 Provider of cross-border trade payment platform for global businesses | $168M | 57 mo ago | Series D | — | 2017 | Bill Deng Founder and CEO | — | 1 expansion · 2 awards |
| 7 | Lianlian payment Payment gateway solutions | $160M | 70 mo ago | Series C | — | 2003 | — | — | — |
| 8 | Qianbao MPOS solutions for accepting mobile payments | $152M | 105 mo ago | Deadpooled | — | 2015 | Zhao Guodong Founder & Chairman | — | — |
| 9 | TNG Wallet NFC-enabled and card-linked wallet for consumers | $115M | 105 mo ago | Series A | — | 2013 | Alex Kong Chariman & CEO | — | — |
| 10 | 99bill Provider of payment solutions, security tools, and related support services | $97M | 162 mo ago | Acquired | 5,366 | 2004 | Oliver Kwan Founder | — | — |
| 11 | Zhangbei Hardware-based POS terminals for offline retailers | $81M | 87 mo ago | Deadpooled | — | 2012 | Kai Su Founder & CEO | — | — |
| 12 | QFPay mPOS solution in China. | $70M | 82 mo ago | Series C | 1,000 | 2012 | Tim Lee Founder & COO | — | — |
| 13 | CardInfoLink Issuer processing solutions for payments | $68M | 68 mo ago | Series C | — | 2010 | James Zhao CEO | — | — |
| 14 | Le Shake Provider of IoT based smart payment solution | $65M | 58 mo ago | Series D | — | 2015 | Chen Haohao Founder & CEO | — | — |
| 15 | SUNMI Manufacturer of terminals, pads, kiosks, and related accessories and services | $61M | 88 mo ago | Public | 885 | 2013 | Wang Zhen Co-Founder & COO | — | — |
| 16 | Reap Financial platform for payment, collection, invoice, and card solutions | $46M | 43 mo ago | Acquired | 11 | 2018 | Daren Guo Co-Founder | — | 1 launch · 1 partnership |
| 17 | Huian Jinke Technology Provider of artificial intelligence and big data analytics services | $30M | 63 mo ago | Series B | 62 | — | Yellow Bell Co-Founder & CEO | — | — |
| 18 | Ksher Provider of e-payment & marketing solutions | $20M | 74 mo ago | Series A | 9 | 2014 | Bryan Zhou CEO | — | — |
| 19 | Kelaile WeChat based POS machine | $17M | 119 mo ago | Series B | 62 | 2013 | Wang Zheng Founder | — | — |
| 20 | Waffo Digital payment platform for businesses 60Growth top 28%Talent top 28%Funding top 37%Tech top 39% All 7 signals ▾Growthtop 28% Talenttop 28% Fundingtop 37% Techtop 39% AItop 45% Globalbottom 36% Marketbottom 29% Growth: Web rank 50,000,000 → 10,000,000 YoY · Fresh capital in last 24 mo Talent: 4 named leaders on record · 4 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 60/100 | $15M | 5 mo ago | Series A | — | 2023 | Frankie Fan Co-Founder & CEO | — | — |
| 21 | YeahKa Provider of payment, digital operation, marketing, and financial technology services | $15M | 47 mo ago | Public | 1,105 | 2011 | Luke Liu CEO & Founder | — | — |
| 22 | Galaxy Water Drop Technology Provider of AI-powered multi-modal biometric systems | $14M | 55 mo ago | Series B | — | 2016 | Zhenan Sun Co-Founder | — | — |
| 23 | iBoxPay Mobile card reader and payments provider in China | $12M | 154 mo ago | Series B | 201 | 2011 | — | — | — |
| 24 | Ping ++ Payment processor for app developers to integrate within their apps | $12M | 125 mo ago | Series B | 11 | 2014 | Yiye Jin CEO | 653 patents Patents concentrated in chemistry & materials | — |
| 25 | Obita Provider of payment infrastructure for business collections, payouts, and fund management 53Talent top 28%Funding top 37%Market bottom 49%Global bottom 48% All 4 signals ▾Talenttop 28% Fundingtop 37% Marketbottom 49% Globalbottom 48% Talent: 4 named leaders on record · 4 C-suite/founder profiles curated Funding: Raised $10.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 53/100 | $10M | 5 mo ago | Seed | — | 2025 | Vincent Yang Co-Founder & CBO | — | 2 job openings |
| 26 | KPay Provider of payment solutions, business accounts, and operational management tools 55Tech top 22%Talent top 28%Moat top 29%Growth top 35% All 10 signals ▾Techtop 22% Talenttop 28% Moattop 29% Growthtop 35% Fundingtop 46% Producttop 47% Marketbottom 42% Globalbottom 36% Newsbottom 35% Customersbottom 15% Tech: 59 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services Talent: 4 named leaders on record · 4 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 55/100 | $10M | 18 mo ago | Series A | 90 | 2021 | Martin Xie Co-Founder & CTO & COO | — | 1 launch |
| 27 | Currenxie Payment gateway solutions for international B2B payments | $10M | 58 mo ago | Series A | 44 | 2014 | Riccardo Capelvenere Founder & CEO | — | 1 expansion |
| 28 | Yeepay online and offline third-party financial payment services | $8M | 135 mo ago | Series C | 501 | 2003 | Tang Bin Co-Founder & Co-CEO | — | 2 partnerships |
| 29 | BBPOS End-to-end mPoS solutions | $8M | 82 mo ago | Acquired | 112 | 2008 | — | 20 patents Patents concentrated in computing, sensing & instrumentation | 2 job openings |
| 30 | Broom mPOS solutions provider | $7M | 87 mo ago | Series A | 500 | 2014 | — | — | — |
| 31 | ChinaPNR POS services provider | $7M | 150 mo ago | Deadpooled | 107 | 2006 | Sam Qiu Co-Founder | — | — |
| 32 | Shanghai Wosai Internet Technology Provider of digital payment and store management solutions for businesses | $5M | 69 mo ago | Series A | 100 | 2014 | Chen Hao Co-CEO | — | — |
| 33 | Ibox Provides mPoS hardware and software solution. | $5M | 127 mo ago | Seed | 18 | 2012 | Pavel Sadovnikov Founder & CEO | — | — |
| 34 | Wang PoS Android-powered POS machine | $4M | 155 mo ago | Deadpooled | — | 2012 | Li Yan Co-Founder | — | — |
| 35 | Duo Bao Manufacturer of complex oral solid and liquid pharmaceutical formulations | $3M | 137 mo ago | Acquired | — | 2013 | Wei Dejian Co-Founder | — | — |
| 36 | Letfu Mobile money account aggregator | $3M | 112 mo ago | Deadpooled | — | 2009 | Meng Tianyun Teemo Co-Founder & CEO | — | — |
| 37 | Fisherman Kaka Information Technology White-label prepaid cards | $2M | 74 mo ago | Seed | — | 2006 | Shi Xiaojie Co-Founder & CEO | — | — |
| 38 | BeeCloud Payment gateway API provider | $2M | 121 mo ago | Seed | — | 2014 | Junxian Huang Founder & CEO | — | — |
| 39 | Beepay Payment settlement platform for B2B trade | $2M | 84 mo ago | Seed | — | 2016 | Kevin Co-Founder | — | — |
| 40 | JiPay Prepaid expense management card for domestic workers | $1M | 50 mo ago | Deadpooled | 2 | 2021 | — | — | — |
| 41 | Panda Payment mPoS solution provider | $1M | 94 mo ago | Series A | 150 | 2016 | Shai Davidor CEO & MD | — | — |
| 42 | Mileslife Aggregator of loyalty points from multiple airlines | $923K | 127 mo ago | Seed | 42 | 2015 | Troy Liu Founder & CEO | — | — |
| 43 | PAX Technology Limited Payment terminals and software | $850K | 189 mo ago | Public | — | 2000 | Jack Lu CEO | 2 patents Electronic vaporizer hardware and automated digital file signature technology | — |
| 44 | Rongbang Technology Fund management and electronic payments solutions | $385K | 58 mo ago | Seed | 139 | 2009 | — | 9 patents Aquaculture feed formulations and micro renewable energy devices (kite, lantern, magnetic turbine). | — |
Top 12 Payments companies in China
#1
Series A · Hangzhou, Zhejiang · founded 2023$15Mraised▾
Digital payment platform for businesses. It offers a unified payment solution for digital native businesses, allowing seamless global transactions for products and services. Features include one-click checkout, AI-powered fraud protection, smart routing for payment success optimization, and native adoption.
- Jan 2026Series A$15M
- Apr 2024Seed—
#2
Seed · Hong Kong, Hong Kong · founded 2025$10Mraised▾
Provider of payment infrastructure for business collections, payouts, and fund management. The company offers global payment management and operations solutions. These solutions include connecting businesses for global trade, unified global accounts, smart receivables, and batch payment processing. The infrastructure aims to understand business needs.
- Jan 2026Seed—
- Aug 2025Angel$10M
#3
Series D · Hangzhou, Zhejiang · founded 2004 · 16000 employees$30.5Braised▾
Payment processing solution for consumers, small and micro businesses. Offers a wallet for services such as money transfers, bill payments, online or offline payments, and more. It enables businesses to accept online payments from customers via credit or debit cards or bank transfers. It also offers personal and corporate credit solutions.
- Feb 2021Series D—
- May 2018Series C$14B
- Feb 2018Series B—
- Apr 2016Series B$4.5B
#4
Series A · Kwun Tong, Hong Kong · founded 2021 · 90 employees$10Mraised▾
Provider of payment solutions, business accounts, and operational management tools. It offers payment acceptance via smart terminals, QR codes, payment links, and online payment gateways. Business accounts feature expense management, bill payment, and fund transfers. Operational tools include data reporting and access to business solutions.
- Dec 2024Series A$55M
- Sep 2022Series A$10M
#5
Series C · Nanjing, Jiangsu · founded 2015$3.2Braised▾
Suning Finance provides an online platform for financial products. Its product includes consumer loans such as personal loans & purchase financing, business loans such as credit lines & invoice financing, investment & financial management, insurance, and more. It also provides a wallet for making online payments & money transfers, gift cards, and more.
- Sep 2019Series C$1.4B
- Dec 2017Series C$817M
- Jan 2017Series C$969.8M
- Oct 2016Series B$44.6M
#6
Series D · Shanghai, Shanghai · founded 2017$168Mraised▾
Provider of cross-border trade payment platform for global businesses. It offers money transfer services for global suppliers and overseas students, among others.
- Sep 2021Series D$138M
- Jan 2021Series C—
- Oct 2020Series C—
- Oct 2019Series B$15M
#7
Series C · Hangzhou, Zhejiang · founded 2012 · 459 employees$509Mraised▾
Credit card bill management tool for consumers. Provides comprehensive financial services including credit card management, loans, investments, and bill management. Offers credit card management application with bill analysis, repayment reminders, online card applications, and investment and loan services.
- Oct 2016Series C$84M
- Sep 2016Series C$310M
- Apr 2015Series B$50M
- Feb 2015Series B$50M
#8
Acquired · Hong Kong, Hong Kong · founded 2018 · 11 employees$46Mraised▾
Financial platform for payment, collection, invoice, and card solutions. It offers products like ReapPay for payment solutions, ReapCollect for collection solutions, ReapCard for corporate card solutions, ReapInvoice for invoice generation solutions, and more.
#9
Lakala 🦄Public · Hong Kong, Hong Kong · founded 2005 · 2315 employees$350Mraised▾
POS payment acceptance solution for businesses. Provides hardware-based POS terminals for merchants. It facilitates payments through credit or debit cards. It also provides tools for sales and inventory management. Provides solutions for convenience stores, supermarkets, shopping malls, and community groceries.
- Jun 2015Series D$245M
- Sep 2012Series C—
- Mar 2009Series C$25M
- Jun 2007Series B$80M
#10
Series C · Hangzhou, Zhejiang · founded 2003$160.4Mraised▾
Payment gateway solutions
#11
Series D · Guangzhou, Guangdong · founded 2015$65.2Mraised▾
Le Shake Information Technology provides an IoT-based smart payment solution. Claims that the company offers a smart payment box that helps merchants to improve operational efficiency management. Provides a cloud-based platform for the device management that enables users to collect massive device data on the cloud and to achieve remote control of massive devices. Supports 3G/4G/wifi communication solutions and provides four docking modules that include pulse version, serial version, integrated chip and motherboard board. The company also offers SaaS systems to operators, motherboard intelligent integrated chips, anti-sweep kits, and face-sharing technology.
- Aug 2021Series D—
- Feb 2020Series C$21.5M
- Sep 2018Series B$29.1M
- Jul 2017Series B—
#12
Public · Beijing, Beijing · founded 2010 · 124 employees$250Mraised▾
55tuan is a daily deals platform that offers hyper-local deals belonging to food, movie, wedding service, traveling service, hotel, beauty, health care, and all kinds of entertainment programs. It focuses on offline to online hyperlocal deals. A majority of its users access the platform through its mobile app.
- May 2014Series A$50M
- May 2011Series A$200M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Payments coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Digital Payments is moving in China
A read on the academic research around Digital Payments — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 1,464 China-affiliated papers.
- Beijing University of Posts and Telecommunications42
- Huazhong University of Science and Technology36
- Peking University31
- Wuhan University25
- University of Electronic Science and Technology of China24
- Currency1→4
- Scheme (mathematics)3→4
- Digital currency1→16
- Financial services2→15
- Currency2→14
- Context (archaeology)2→12
- Financial inclusion4→13
- Financial inclusion2→10
- Digital currency1→8
- Currency1→8
- Health care1→6
- Context (archaeology)2→7
Where digital payments is researched across China
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Who's filing digital payments patents in China
China digital payments patent filing is cooling — 303 filings from 275 assignees (2016–2025), led by China Unionpay, Huawei TECH, Shenzhen Cifpay Network BANK TEC; annual filings 75→8.
- China Unionpay85
- Huawei TECH35
- Shenzhen Cifpay Network BANK TEC31
- ZTE27
- Tencent TECH Shenzhen25
- Alibaba Group Holding16
- Xiaomi14
- Yulong Computer Telecommunicatio11
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.