According to the Notice on Regulating the Collection Business issued by the People’s Bank of China , this platform is applicable for the collection business in the small loan repayment scenario. Under the premise of signing contracts among cardholders, merchants, and issuing banks, it provides a payment channel for bank and small loan merchants’ information exchange through China UnionPay.

In October 2021, Gifpay officially launched the Regular Payin developed for Industrial and Commercial Bank of China.

As the developer and service provider of the platform, Gifpay has been committed to providing high-quality and efficient financial technology solutions. The successful development of the automatic payment platform for Industrial and Commercial Bank of China is not only a milestone in our steady development but also a new contribution to the development of the financial industry.

We will continue to adhere to the principle of “Technology promotes financial progress, and service assists user development,” constantly improve our technological capabilities, optimize product experience, and continuously inject new momentum into the digital transformation and innovative development of the financial industry.