What 99Bill does

99Bill (快钱支付清算信息有限公司) is a Shanghai-headquartered, privately held third-party payment company founded in 2004 and majority-owned by Wanda Group (万达集团) since 2014. The company holds national and Shanghai-specific payment business licenses (全国B2-20060204 and 沪B2-20100011) and operates a comprehensive multi-channel payment infrastructure supporting online, mobile, QR code, POS, and cross-border payment acceptance across China UnionPay, Alipay, WeChat Pay, Apple Pay, Visa, MasterCard, American Express, JCB, and PayPal rails. Its product platform spans core gateway products (RMB Gateway Payment, Enterprise Online Banking, Mobile Payment, Credit Card Installment), value-added modules (Group Account, Cash Pooling, Split Account Gateway, Merchant Management System), and industry-specific solutions for aviation (six Chinese airlines), automotive finance (SAIC-GM), insurance, logistics freight platforms (Wuyuntong), agricultural markets (Huahe Agriculture's 菜篮子数字化 project), and Wanda Group subsidiaries (Wanda Plazas, Wanda Cinemas, Wanda Kids Club).

The company monetizes through transaction-based payment processing fees on merchant volume, enterprise subscription-style fees for customized financial technology solutions, and cross-border payment and currency conversion services. It maintains 12 consecutive years of PCI DSS and ISO 27001 certifications, offers enterprise-grade security products (99Bill Shield hardware tokens, digital certificates, secure login controls), and runs a public developer API portal (open.99bill.com) with REST endpoints across more than 15 payment product categories. AI and data capabilities include the Tianyan (天眼) risk control system, Face ID biometric authentication (first in China on iPhone X in 2017), big-data-driven scene finance and merchant credit modeling, and intelligent marketing recommendation engines operating on claimed coverage of 400 million individual users and 650,000 business partners.

99Bill distributes through dedicated enterprise sales teams targeting banks, insurance companies, securities firms, airlines, large retail enterprises, government institutions, and embedded deployment within the Wanda commercial ecosystem. The company has expanded from pure B2B payment processing into B2C consumer wallet services (快钱钱包), B2B2C inclusive finance (Micro-Sprout Project), and cross-border RMB settlement, and operates a wholly owned subsidiary network covering information technology, financial services, and network technology across Shanghai, Nanjing, Beijing, Fuzhou, Nanning, and Hainan, with founder Guan Guoguang (关国光) serving as Chairman and CEO.

Name

99Bill

Legal name

快钱支付清算信息有限公司

Website

https://99bill.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

501–1,000 employees

Short description

99Bill is a Shanghai-based, Wanda Group-owned third-party payment company providing multi-channel payment processing, cross-border settlement, and industry-specific financial technology solutions for banks, airlines, automotive firms, retail merchants, and logistics platforms across China.

Ownership category

akta.pro rank

Product category

Payment Processing & Financial Technology

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO)

akta.pro secondary industries

Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails) (FSAGABAJ), Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), Travel Merchant Acquiring & Payment Orchestration (PSPs, gateways) (THALAHAA), Cross-Border & FX Payments Platforms (BPAMAFAK)

Keywords

• Payment processing services
• Third-party payments
• Cross-border RMB collection
• Enterprise fintech solutions
• Mobile POS terminals

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Payment Processing Fees: Transaction fees charged to merchants for processing payments through 99Bill's payment gateway. Fees are typically charged as a percentage of transaction value or fixed fee per transaction.
2. Enterprise Financial Services: Customized financial technology solutions and services provided to enterprise clients including banks, insurance companies, and large retail enterprises. Revenue derived from service fees and ongoing account management charges.
3. Cross-border Payment Services: Fees for international payment processing, currency conversion, and cross-border settlement services for merchants engaged in global commerce.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

99Bill operates a comprehensive payment and financial technology platform providing multi-channel payment processing (online, mobile, QR code, POS, cross-border RMB), enterprise financial management (accounts, reconciliation, cash pooling, split settlement, entrusted collection), industry-specific solutions (aviation, insurance, automotive finance, logistics, agricultural market digitization), and hardware terminals (Super Smart POS) for banks, airlines, automakers, large retailers, logistics platforms, and small/micro merchants in China. The platform integrates with Visa, MasterCard, American Express, JCB, China UnionPay, WeChat Pay, Alipay, Apple Pay and Digital RMB (e-CNY), and exposes its services via REST APIs (open.99bill.com).

Product overview

99Bill operates a multi-module fintech platform serving both enterprise merchants and individual users. The core platform consists of 99Bill Account (快钱账户), a virtual financial management account providing fund settlement, payment/receipt, and account management. This integrates with a full suite of payment acceptance products including Super Smart POS (超智能POS) and card-present POS collection, online gateway payments (RMB Gateway), enterprise online banking, mobile payment, and credit card installment/CNP payment. 99Bill's international operations support cross-border RMB collection (国际收汇) accepting Visa, MasterCard, Amex, JCB, and PayPal. The platform offers value-added modules including Group Account (集团账户) for multi-subsidiary fund management, Cash Pooling (现金归集), Entrusted Collection (委托代收), and Split Account Gateway (分账网关/盈账通) for marketplace settlements. Industry-specific solutions cover insurance, aviation, logistics/freight platforms, and agricultural market digitization (菜篮子数字化). 99Bill also provides dedicated integrations for Wanda Group subsidiaries (万达广场, 万达影院, 万达宝贝王), digital RMB acceptance, and cross-border payment services. Security is ensured through 99Bill Shield hardware tokens (快钱盾), digital certificates, and SSL encryption.

Differentiator

Problem solved

Functional benefit

Brands

• 快钱钱包: Mobile wallet app providing payment services, social security payment, transportation card recharge, and face payment features for individual consumers.
• 超智能POS
• 快易花
• 微芽工程
• 云种计划
• 快易融
• 保险实名制

Products and services

• 99Bill Account (快钱账户) Virtual financial management account for enterprise users enabling fund management, transaction queries, payment/receipt processing, recharge and withdrawal functions.
• Super Smart POS (超智能POS)

Named customers6 records

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

AI capability11 records

Feature4 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Wanda Group (万达集团)coreStrategic or Co-development Partner · 1 January 2014Strategic acquisition of 99Bill by Wanda Group in 2014 integrated 99Bill's payment capabilities into Wanda's extensive commercial real estate and retail ecosystem. This partnership provides 99Bill access to Wanda's merchant network and enables integrated payment solutions for retail and commercial complexes.
• SAIC-GM (上汽通用)coreStrategic or Co-development PartnerStrategic cooperation agreement between 99Bill and SAIC-GM for automotive finance payment solutions. The partnership focuses on developing specialized payment and financial technology services for the automotive finance sector, leveraging 99Bill's payment infrastructure expertise.
• American Express (美国运通)coreTechnology or IntegrationPartnership with American Express for international payment processing and scene co-construction. 99Bill was awarded the 2023 Annual Scene Co-construction Excellent Partner Award by American Express, recognizing excellence in collaborative payment solution development and integration.
• China UnionPay (银联)coreTechnology or IntegrationIntegration with China UnionPay QR code payment standards enabling domestic payment acceptance across China. This partnership provides 99Bill with access to China's dominant domestic card network infrastructure.
• Huahe Agriculture (武汉华和农业)minorStrategic or Co-development Partner99Bill provides digital payment solutions for the 菜篮子数字化 (Vegetable Basket Digitalization) project supporting agricultural supply chain digitalization initiatives.
• Wuyuntong (物云通)minorStrategic or Co-development PartnerPartnership with Wuyuntong logistics network platform to provide payment and financial services integration for the logistics and supply chain sector.
• Chinese Airlines (国航, 东航, 海航, 深航, 川航, 长龙)coreTechnology or Integration99Bill provides payment processing services for multiple Chinese airlines including Air China, China Eastern Airlines, Hainan Airlines, Shenzhen Airlines, Sichuan Airlines, and Dragonair. Services include ticket payment processing and passenger payment solutions.
• International Card Networks (Visa, MasterCard, JCB)coreTechnology or IntegrationPartnerships with major international card networks including Visa, MasterCard, and JCB enable 99Bill to provide cross-border payment acceptance and international card processing services for enterprise clients.
• Banking Partner InstitutionscoreTechnology or Integration99Bill serves as a payment infrastructure and technology partner to banking institutions, providing payment gateway services, merchant acquiring capabilities, and financial technology solutions for banks serving corporate and commercial clients.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Alipay (Ant Group): China's largest digital payments platform operated by Ant Group, dominating consumer QR-code and mobile payments. Competes with 99Bill for merchant acquiring volume and payment orchestration, with much broader consumer reach but a less specialized enterprise/vertical focus.
• WeChat Pay (Tencent): The payments arm of Tencent's WeChat super-app, the dominant consumer payments brand in China. Competes directly with 99Bill on merchant acquiring and QR-code acceptance, though it does not typically offer 99Bill's B2B vertical solutions.
• China UnionPay: China's state-affiliated national card network and payment clearing operator. While 99Bill integrates with UnionPay rather than competes at the network layer, both serve Chinese merchant acquiring and UnionPay QuickPass competes in NFC acceptance on 99Bill's POS terminals.
• Adyen: Global payment orchestrator offering unified acquiring across cards, APMs, and POS for enterprise merchants. Comparable to 99Bill as a multi-method payment orchestrator, though Adyen operates globally while 99Bill is China-centric.
• Stripe: Global online payment processor with developer-first APIs and broad APM support. Comparable to 99Bill's RMB Gateway Payment and international collection products at the API layer, though operating in very different geographies.

Direct peers

• LianLian Global (连连国际): Chinese cross-border payments specialist serving exporters and e-commerce merchants. Directly comparable to 99Bill's international collection and cross-border RMB settlement product line, both targeting Chinese sellers going global.
• PingPong: Chinese cross-border payments company serving cross-border e-commerce merchants with multi-currency acquiring and settlement. Overlaps with 99Bill's cross-border RMB acceptance product for Chinese exporters and overseas merchants.
• JD Pay (京东支付): Payment arm of JD.com, offering online and mobile payment services plus merchant acquiring. Competes with 99Bill in Chinese online payment gateway and merchant services, with stronger e-commerce platform distribution.
• OneConnect (Ping An OneConnect): Fintech infrastructure provider for banks and financial institutions, offering payment, lending, and digital banking technology. Directly comparable to 99Bill's enterprise financial management solutions and banking partner network channels in China.

Emerging players

• Airwallex: Cross-border payments platform offering multi-currency accounts, FX, and global acquiring for businesses. Overlaps with 99Bill's cross-border collection product though Airwallex is global and SMB-focused while 99Bill is China-centric.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/99bill

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries9 records

Funding overview

Funding rounds5 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 99Bill