Key Data

• Trading Name: YabandPay
• Legal Entity: YabandPay B.V. 
• Activities: One-Stop Smart Payment Solutions 
• Location: Netherlands
• Regulations: regulated by the De Nederlandsche Bank
• Key People: Haibo Feng/Xiaoyun Zeng/Chao Bai/Xuefeng Zhi
• Latest news: YabandPay
• Latest update: September , 2024

YabandPay is an FinTech company headquartered in the Netherlands, providing one-stop smart payment solutions for European companies.

Offering

YabandPay offers payment services for businesses, enabling transactions between European merchants and Chinese consumers.

Their solutions include integrations for online and offline payments via platforms like WeChat Pay, Alipay, and UnionPay.

They also provide tools for in-store payments, e-commerce plugins, and marketing services.

Serving Industries

YabandPay serves a diverse range of industries with its payment solutions, particularly focusing on businesses that cater to both local European and Chinese customers. Key industries they serve include:

1. Retail: Both brick-and-mortar and e-commerce businesses can utilize YabandPay’s integrations with payment methods like Alipay, WeChat Pay, UnionPay, and iDEAL.
2. Tourism and Hospitality: YabandPay provides tailored solutions for businesses catering to Chinese tourists, who frequently use UnionPay and mobile payment methods like WeChat Pay.
3. Education: Institutions such as language schools or private tutors can use YabandPay’s “Pay by Link” solution to collect payments seamlessly from their students.
4. Custom Services: Businesses offering tailored services like personal coaching or travel packages can also benefit from YabandPay’s cross-border payment solutions.

Regulation

YabandPay B.V. is a regulated Dutch payment institution that holds a payment license issued by De Nederlandsche Bank (DNB), ensuring compliance with Dutch financial regulations. In addition to its Dutch license, YabandPay B.V. is also licensed in Lithuania and Estonia to provide cross-border payment services, enabling the company to operate and offer financial services across multiple European countries under a regulated framework.

Key People

Founder

• Haibo Feng
• Xiaoyun Zeng
• Chao Bai

Supervisory Board

• Wouter PaardeKooper
• Jeroen Bosch van Rosenthal

Xuefeng Zhi

Customer Reviews

• Trustpilot: 3,2 Stars with 1 Review
• Google: 5 Stars with 1 Review

Conclusion and Rating

We rate the compliance status as “green” since all required information is available, and the company holds multiple licenses. However, in terms of customer reviews, we provisionally assign a “Orange” rating due to the currently low number of customer feedbacks.