BilltoBill – an outsourced payment service for Chinese merchants

BilltoBill is a well known payment service provider in China providing online and offline payment services to airlines, travel and hotel industries. The company is based in Shanghai China. BilltoBill has established business connections and partnerships with all national banks in China, and the strategic partnership with China Union Pay, VISA and MasterCard organization. BilltoBill won the “Best e-payment company” award from China CAAC in 2006 and 2007. The company also won the “Best Airline and Travel E-Payment Provider” award from 2006 China E-Payment Summit. The latest industry award is “Best Airline and Travel Industry Payment Company” award from China Ministry of Commerce at the 2008 China E-commerce Summit held in Beijing.

A company of companies

BilltoBill is owned by FCPB Investments Limited, a public company based in Melbourne and listed as FCP on the ASX, BilltoBill has offices in Melbourne, Hong Kong and Beijing.

On 20 December, FCP Brencorp (“FCPB”) has taken an 83.3% controlling stake in Oriel Communications Limited following the completion of the transaction approved by shareholders at the Company’s Annual General Meeting held on 30 November 2007.

FCPB’s strategic objective was to transform Oriel Communications into an ASX-listed managed direct investment company that invests in companies operating in the high-growth Asian markets, with an emphasis on China. To represent the company’s new business strategy, Oriel Communications changed its name to FCPB Investments Limited (FCPBI) immediately and its new ASX ticker code appeared as FCP.

In 2004 online payments gateway vendor Oriel Communications Ltd appointed a new CEO, Martijn Hovinga, in an effort to carve a leading share of the emerging Chinese online payments market. OCO aspired to developing China's largest online payment system. Before coming to the company Hovinga was vice president business development at Bibit Global Payment Services, which was acquired by the Royal Bank of Scotland for an estimated 100 million Euros.

Martijn was CEO of BilltoBill and a payment industry expert. Since joining BilltoBill, Martijn focused especially on attracting international merchants selling online in China.

Currently the CEO of BilltoBill is Yang Lei. Yang has been working in the BilltoBill’s Shanghai office since January 2005.He is a software and IT specialist with 16 years international experience in engineering, product management and business development. 

Since joining BilltoBill, Yang has been instrumental in establishing strong relationships with Chinese national and regional banks, as well as restructuring its BilltoBill operations in China and building relationships with current and prospective merchant clients.

Products and services

BilltoBill Secure Payment Platform for B2C

Partnering with China banks such as ICBC, CMB, CCB and ABC etc and Visa and MasterCard card organization BilltoBill can support most comprehensive payment methods, such as China bank card, international credit card, telephone payment, offline payment and cell phone payment. As for the international payment BilltoBill Payment Platform can process not only RMB settlement in China, but also foreign currencies settlement outside China. So it’s easy for merchants to extend their business to international market and settle in local currency.

BizztoBizz Accelerator for B2B

BizztoBizz Accelerator was developed for B2B electronic commerce. Through the integration of information flow and fund flow, BizztoBizz Accelerator can help enterprises to improve the efficiency of the fund and enhance the core competition capability of the enterprise. BizztoBizz Accelerator is designed with modularization ability, so it is flexible enough to meet the customized requirements of B2B service.

E-commerce is more cost-effective and more convenient than the conventional commerce. A China company or a foreign company planning to sell in China or outside China, BilltoBill’s payment services can help to collect the money securely and quickly.

In China, there are 1 billion bank cards totally so far. Among them, debit card is most popular. BilltoBill Secure Payment Platform uses 128 bits SSL encryption technology to directly connect the network of such banks as ICBC, CCB, BoC, ABC, CMB, CIB and CMSB etc. What a business should do to provide its customer online payment is only to install BilltoBill’s client software to its system, usually it takes 1 day.

BilltoBill Secure Payment Platform can accept international credit cards. BilltoBill accepts online Visa and MasterCard with 3D. The Visa’s Verified-by-Visa and MasterCard Securecode are supported.

Due to having offices in Singapore and Melbourne and BilltoBill can help companies to extend their business to Asia Pacific and Australia.

Paying an order with BilltoBill Platform is as follows:

• While shopping online select BilltoBill Secure Payment Platform
• Input your email and select the payment methods and bank
• Input the bank card details and PIN
• The payment is successful and return to merchant website

BilltoBill is a third party payment service provider. When a customer pays an order, BilltoBill will redirect the customer to the web page of Bank’s gateway where he/she should input the card details. Thus neither BilltoBill nor merchant has any chance to collect or save the card details of the customer. The customer need not worry about that the card details can be disclosed by BilltoBill or merchant.