Huifu Payment
Shanghai-headquartered and Hong Kong-listed payment PaaS provider (HKEX: 01806) operating the cloud-native DouGong platform, processing 3+ trillion RMB annually across enterprise groups, chain businesses, platforms, SMBs, and cross-border commerce spanning 150+ countries.
- Company typePublic
- Founded2006
- HeadquartersXuhui, China
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
What Huifu Payment does
Huifu Payment (汇付天下 / Shanghai Huifu Payment Co., Ltd.) is a Shanghai-headquartered, Hong Kong-listed (HKEX: 01806) third-party payment institution founded in 2006 that operates a cloud-native Payment-as-a-Service platform under the DouGong (斗拱) brand. The platform processes over 3 trillion RMB in annual payment volume and serves five primary customer segments — enterprise groups, chain enterprises, platform enterprises, small/micro merchants, and cross-border enterprises — across more than 150 countries. Its revenue base spans enterprise SaaS subscription and PayFac revenue sharing, transaction fees across domestic and cross-border flows, digital rights issuance, cloud and managed services (HMPC), and merchant financing.
The company's core technology stack is built on a 100% cloud-native architecture with multi-cloud IaaS integration (Alibaba Cloud, Tencent Cloud, UnionPay Cloud, Huawei Cloud, AWS) via a proprietary K8S container platform, achieving 99.999% availability. The proprietary feature surface includes the DouGong PaaS platform, the OpenClaw one-click integration tool, the AI Family of developer and operations assistants (DouGong Assistant "Datouge" with 83% Q&A accuracy), the Connector data integration hub, a real-time data warehouse on Doris+Flink and Hudi lakehouse, the Engineering Platform with code LLM-assisted development, and the Blockchain/Web3.0 stack including Huifu ChainBao (China's first Web3.0 RMB on-chain wallet, launched November 2022) and a Blockchain Technology Laboratory established in July 2025.
Huifu monetizes through six primary streams: payment transaction fees on 3+ trillion RMB annual volume, platform and PayFac subscription services for 200+ SaaS partners across 30 industry verticals, cross-border payment and foreign trade services covering 150+ countries and 9 major currencies, digital rights issuance through the Linglong Tower platform, cloud and managed technical services (HMPC, FinOps), and merchant financial services. Distribution combines direct enterprise field sales for marquee accounts, a self-service developer portal (paas.huifu.com), 200+ SaaS/channel partners, ISO and channel service providers, and co-distribution agreements with state-owned, joint-stock, city commercial, and private banks. Marquee customers include Tiffany & Co., LACOSTE, Subway, Atour Lifestyle, Tianjin Airlines, Shui On Land, Yonghe Hair Transplant, Lianjia Ziru, and Nanning Rail Transit, supported by over 10,000 brand chain groups and millions of small/micro merchants in aggregate.
Huifu Payment firmographics
Firmographics- Name
- Huifu Payment
- Legal name
- 上海汇付支付有限公司
- Website
- https://huifu.com
- Company type
- Public
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Shanghai-headquartered and Hong Kong-listed payment PaaS provider (HKEX: 01806) operating the cloud-native DouGong platform, processing 3+ trillion RMB annually across enterprise groups, chain businesses, platforms, SMBs, and cross-border commerce spanning 150+ countries.
- Ownership category
- akta.pro rank
Huifu Payment industry classification
Industry- Product category
- Digital Payment Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)
- akta.pro secondary industries
- Cross-Border & FX Payments Platforms (BPAMAFAK), Crypto Payment Gateways & Checkout APIs (FSADAIAA), Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD), Cross-border Payments, FX & Multi-currency Checkout (CRAFAJAF), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
Keywords
Where Huifu Payment is headquartered
LocationHeadquarters
- HQ city
- Xuhui
- HQ country
- China
- HQ region
- Asia
Offices1 record
Markets served
Huifu Payment business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Payment Transaction Fees: Transaction-based fees charged on payment volume processed through the platform. Huifu processes over 3 trillion RMB in annual transaction volume, generating fees based on transaction value across multiple payment scenarios including domestic aggregation, cross-border settlement, and card acceptance.
- Platform/SaaS Subscription Services: Subscription and platform service fees from SaaS/software partners accessing the DouGong PaaS platform. Partners receive API access, technical support, and PayFac capabilities in exchange for recurring platform fees plus shared transaction revenue.
- Digital Rights Issuance Services: Revenue from digital collectible and digital rights issuance through the 玲珑塔 platform, including issuance fees, transaction fees on secondary market activity, and marketing service fees from brand partners.
- Cross-border Payment and Foreign Trade Services: Fees from import/export e-commerce and foreign trade收款 solutions including cross-border settlement, currency exchange, and international wire transfer services. Supports 150+ countries with 9 major currencies.
- Cloud and Technical Services: Managed cloud hosting (HMPC), IaaS integration, FinOps cost optimization, and technical implementation services for enterprise customers including SUBWAY, 勤强, and IAAR.
- Financial Services (汇付慧融): Financing and lending services for live e-commerce merchants, providing post-shipment financing, revenue growth from new business lines, and loan facilitation services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | B2C E-commerce Solutions — custom pricing based on transaction volume and feature requirements |
| Transaction based/ take rate | Pay-as-you-go | Small/Micro Merchant Solutions (汇来米) — transaction fees with optional subscription features |
| Other | Pay-as-you-go | Cross-border/Foreign Trade Solutions — quote-based with fee advantages |
| Subscription | Monthly | SaaS/Software Partner Platform — revenue sharing model with API access fees |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels6 records
Huifu Payment product offering
Product offeringCore offering
Huifu Payment operates a cloud-native payment PaaS platform (DouGong/斗拱) that provides API-based payment processing, fund management, reconciliation, merchant onboarding, and cross-border settlement services to enterprise groups, chain businesses, platform companies, SaaS/software firms, banks, and micro-merchants. The platform supports unified collection across WeChat Pay, Alipay, UnionPay, and Digital Yuan, with industry-specific solutions for retail, hospitality, aviation, e-commerce, and digital economy use cases. Complementary products include Adapay (lightweight payment API), Huifu Chain Bao (Web3.0 blockchain wallet), Huifu Linglong Tower (digital rights SaaS), and Huifu Hui Rong (e-commerce financing).
Product overview
Huifu Payment (汇付天下) operates a unified platform-plus-modules architecture anchored by the DouGong (斗拱) PaaS platform — the core payment infrastructure — supplemented by multiple add-on modules and sub-brands. The core platform is complemented by the DouMen (斗門) global payment intelligent orchestration center, Adapay (lightweight API product), Huilai Mi (汇来米, merchant management sub-brand), the DouGong AI Assistant (AI applications), Huifu Linglong Tower (digital rights/NFT), Huifu Chain Bao (Web3.0 blockchain wallet), Huifu Hui Rong (e-commerce financing), and Connector/Data Platform/Cloud IaaS/Engineering Platform infrastructure modules. The product portfolio spans 17 industry-specific solutions (commercial complexes, brand owners, aviation/travel, retail/dining/hotel chains, B2C/B2B e-commerce, cross-border trade, digital rights, blockchain, live-streaming e-commerce), cross-border solutions (import/export e-commerce, global acquiring, foreign trade collection via Uprimer brand), and cloud data services (hosting, FinOps, BI analytics). All offerings share the DouGong PaaS as the technical foundation, enabling unified API access, data integration, and orchestration across the entire product family.
Differentiator
Problem solved
Functional benefit
Brands
- 斗拱 (Doumen): PaaS platform for payment capabilities and developer tools
- 大头哥 (Da Tou Ge)
- 汇来米
- Adapay
- 来钱啦
- 汇付链宝
- 汇付玲珑塔
- 汇付慧融
- 捷行付
- 账单通
- 业财数通
- HMPC (Huifu Managed Private Cloud)
Products and services
- DouGong Platform (斗拱平台) Huifu Payment's flagship Payment PaaS (Platform-as-a-Service) platform providing unified API access to payment processing, fund management, merchant onboarding, reconciliation, and data services for SaaS companies, software firms, banks, and developers. Supports one-day integration and real-time data synchronization.
- DouMen (斗門) Global Payment Intelligent Orchestration Center
Quantifiable outcome
- 30% reduction in comprehensive payment costs (from 斗門 platform)
- +9 more outcomes
Companies that use Huifu Payment
Customer profileNamed customers19 records
Segments9 records
Ideal customer profiles6 records
Huifu Payment technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration14 records
AI capability9 records
Feature12 records
Huifu Payment partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core and minor.
- 浙商银行成都分行coreStrategic cooperation with Zheshang Bank Chengdu Branch for merchant acquisition and payment solutions. Huifu provides digital scenario solutions, rapid business development support, and efficient collaboration. Huifu's clear business logic, fast development support, and efficient coordination have received unanimous praise from operating units.
- 国有大型银行, 股份制银行, 城市商业银行, 民营银行 (Bank Ecosystem)coreEcosystem of banking partners including state-owned banks, joint-stock banks, city commercial banks, and private banks. Banks leverage Huifu's digital payment infrastructure for merchant acquisition, settlement deposits, and value-added financial products.
- 乐檬软件 (Lemon Software)coreDigital ecosystem co-building: 'payment + SaaS'. Joint provision of online/offline omni-channel collection, fund distribution, reconciliation, data analysis, and intelligent tax services. Meeting customer needs for fund aggregation and supply chain payments.
- 合阔智云 (HeChuang ZhiYun)coreThrough PayFac tools, DouGong platform completed full-layer integration with HeChuang. Output mobile-based mini-program delivery reconciliation, omni-channel marketing collection, and store intelligent supply chain solutions. Serving 30,000+ chain stores across 120+ cities.
- 汇付金融 (Huepay, huepay.com.au)minorInternational subsidiary providing global payment services. Listed on website as a partner entity for overseas market operations.
- 边界智能 (Bianjie AI)minorStrategic technology partnership for blockchain innovation. Both companies share technology innovation DNA. Deep exploration of 'blockchain + programmable on-chain payment' model, co-creating, co-building, and co-sharing blockchain economy ecosystem.
- 上海树图区块链研究院 (Shanghai TreeGraph Blockchain Research Institute)minorDeep cooperation integrating blockchain, NFT technology, and on-chain payment services. Joint creation of 'blockchain + Web3 digital wallet + digital economy application' ecosystem. Collaboration in entertainment, digital economy, trusted data empowerment, and distributed application empowerment.
- Subway (赛百味)coreCloud and payment partnership covering multi-cloud system connection and operations, FinOps cloud cost optimization, and cloud security governance. Supporting 600+ China stores with 30%+ cloud cost reduction.
- SUBWAY, 勤强, IAAR上海算法创新研究院coreHMPC (Huifu Managed Private Cloud) clients receiving global hosting, operations management, and data observation services. Benefits include 15-20% annual cost reduction, 50%+ manpower savings, and 99.99%+ availability improvement.
- Subway (赛百味)coreCustomized payment middle office built on DouGong platform. Multi-system integration breaking data silos. Complete payment and reconciliation. Cloud resource management with 30%+ cost reduction. Supporting 700+ existing stores with plan to open 2,000 company-owned stores in 3 years.
- 阿里云, 腾讯云, 银联云, 华为云, AWS (Cloud Infrastructure Ecosystem)coreMulti-cloud IaaS integration through proprietary K8S container cloud platform. Unified access to Alibaba Cloud, Tencent Cloud, UnionPay Cloud, Huawei Cloud, and AWS for financial-grade cloud service capabilities and global data deployment.
- VISA, MasterCard, 万事网联 (Card Network Partners)coreCore membership with international card networks VISA and MasterCard, and China UnionPay affiliate 万事网联. Enables global card acceptance and cross-border payment services.
- 抖音来客 (Douyin Laike)coreDouGong platform connector integrated with Douyin Laike group purchase scenarios. 1 person, 1 day to achieve same-day integration and real-time data application, solving complex processes that previously required 7 days for self-application qualification and 71 interfaces.
- SaaS/软件公司合作伙伴生态 (200+ companies across 30 verticals)core200+ SaaS/software company partners across 30 industry verticals including retail, dining, healthcare, education, automotive, and general business functions. Partners integrate payment capabilities via PayFac tools, becoming Payment Facilitators and accessing revenue sharing.
- 渠道服务商合作伙伴 (Channel Service Provider Partners)coreChannel service providers managing merchants, agents, and terminals. Huifu provides digital channel management SaaS covering full-process digital operations, full-link fund management, and comprehensive data decision-making. Guangzhou channel service provider partner reports strong brand endorsement and customized product features for competitive advantage.
Scale indicators14 records
Recent moves7 records
Expansion highlights5 records
Huifu Payment competitors and assessment
Company assessmentBroad incumbents
- Stripe: Global API-first payment platform serving internet businesses with embedded payments, PayFac-style onboarding, and developer tools. Comparable technology and GTM model to Huifu's DouGong platform and SaaS partner strategy.
- Ant Group (Alipay): China's largest digital payment platform and the dominant consumer wallet. Competes with Huifu in merchant acquiring, cross-border, and embedded payments, but operates a vastly larger consumer-facing wallet that Huifu's PaaS model deliberately routes around.
- Tencent (WeChat Pay): Operator of WeChat Pay, the other half of China's consumer payment duopoly. Overlaps with Huifu in merchant acquiring and cross-border settlement, but its primary competitive advantage is the WeChat social ecosystem rather than an open PaaS.
Direct peers
- Adyen: Global unified payment gateway offering API-first acquiring and orchestration for enterprise merchants. Direct business model comparison to Huifu's DouGong PaaS and DouMen orchestration center.
- Checkout.com: Enterprise-focused payment gateway with global acquiring and orchestration capabilities. Direct comparable to Huifu's cross-border and API gateway offering, especially for merchants with international expansion needs.
- LianLian Global: China-based cross-border payments and acquiring platform serving cross-border e-commerce and foreign trade. Direct head-to-head competitor with Huifu's Uprimer/foreign-trade solutions and global acquiring offerings.
- PingPong: Cross-border payment processor for Chinese exporters selling on Amazon, eBay, and other global marketplaces. Closely comparable to Huifu's export e-commerce and global acquiring products on the merchant side.
- Airwallex: Global cross-border payment and treasury platform serving SMBs and enterprises with multi-currency accounts and acquiring. Comparable to Huifu's foreign-trade collection and global acquiring capabilities, especially for Asia-Pacific merchants.
Emerging players
- EBANX: Cross-border payment processor specializing in Latin America with global acquiring and payout services. Comparable to Huifu's cross-border e-commerce solutions in addressing merchants in emerging markets.
- Pagsmile: Cross-border payment gateway focused on emerging markets, particularly Latin America. Comparable to Huifu in providing localized payment methods and cross-border settlement for cross-border merchants.
Market position
Weaknesses5 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
Huifu Payment compliance and trust
Trust signalCompliance13 records
Huifu Payment financial estimates
Financial estimateRevenue estimate
Valuation estimate
Huifu Payment leadership team
Management profileNumber of profiles
Huifu Payment subsidiaries and ownership
Company hierarchySubsidiaries1 record
Huifu Payment funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Huifu Payment M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Huifu Payment
What does Huifu Payment do?
Huifu Payment operates a cloud-native payment PaaS platform (DouGong/斗拱) that provides API-based payment processing, fund management, reconciliation, merchant onboarding, and cross-border settlement services to enterprise groups, chain businesses, platform companies, SaaS/software firms, banks, and micro-merchants. The platform supports unified collection across WeChat Pay, Alipay, UnionPay, and Digital Yuan, with industry-specific solutions for retail, hospitality, aviation, e-commerce, and digital economy use cases. Complementary products include Adapay (lightweight payment API), Huifu Chain Bao (Web3.0 blockchain wallet), Huifu Linglong Tower (digital rights SaaS), and Huifu Hui Rong (e-commerce financing).
Is Huifu Payment a public or private company?
Huifu Payment is a public company. It is classified as public and is currently operating.
When was Huifu Payment founded?
Huifu Payment was founded in 2006. It employs 501 to 1,000 people.
Where is Huifu Payment based?
Huifu Payment is headquartered in Xuhui, China, in the Asia region.
How does Huifu Payment make money?
Six revenue lines are on record. Payment Transaction Fees are the primary driver. The others are platform/SaaS Subscription Services, digital Rights Issuance Services, cross-border Payment and Foreign Trade Services, cloud and Technical Services and financial Services (汇付慧融).
Who are Huifu Payment's main competitors?
Broad incumbents on record are Stripe, Ant Group (Alipay) and Tencent (WeChat Pay). Direct peers are Adyen, Checkout.com, LianLian Global, PingPong and Airwallex. Emerging players are EBANX and Pagsmile.
Does Huifu Payment have an API?
Yes. Huifu Payment offers the Adapay API — a lightweight, plug-and-play aggregated payment access — enabling merchants, SaaS providers, and developers to integrate WeChat Pay, Alipay, UnionPay, and Digital Yuan through RESTful API calls. It is described as supporting PC websites, mobile apps, mini-programs, and H5 pages. The DouGong (斗拱) PaaS platform also exposes API access to payment processing, fund management, and data services for SaaS companies, software firms, and financial institutions. The platform supports one-day integration with real-time data synchronization. MCP (Model Context Protocol) is explicitly mentioned as available via the DouGong AI Assistant for developers, enabling AI-powered自助联调方案生成能力 (self-service solution generation for integration debugging). Developer documentation is at docs.adapay.tech/api/index.html.
What industry is Huifu Payment in?
Huifu Payment's product category is Digital Payment Platform. Its primary akta.pro industry code is FSAMACAA, Merchant Payment Gateways (API/Hosted Checkout), with a secondary code of BPAMAFAK, Cross-Border & FX Payments Platforms. Its NAICS code is 522320 and its SIC code is 6199.