BEIJING, June 29, 2015 /PRNewswire/ -- PayEase, the leading electronic payment service and solution provider in China, was recently at the second annual "2015 China E-commerce Innovation Conference" sponsored by the E-commerce Innovation Alliance of China Ministry of Industry and Information Technology and awarded with the "2015 E-Commerce Supply Chain Excellence" award for its "E-Commerce Automobile Supply Chain Solution".

According to the "2014 Annual Automobile Industry Economic Performance Report" released by the Ministry of Industry and Information Technology, in 2014 China's total automobile production volume reached 237.2 million vehicles, an increase of 7.3% year-on-year, sales volume of automobiles reached 23.5 million vehicles, an increase of 6.9% year-on-year, to remain the number one automobile producer in the world. Automobile is one of China's pillar industries, characterized by a long industrial chain and large financing needs. It is a driver of consumption and has strong enhancement capabilities. Given the fine division of labour and complex production chain in the automobile industry, the financing needs of different enterprises in the different stages and phases may vary significantly. As such, during the development process, each enterprise will need to find diversified, multi-path pipeline financial products matching its needs, to contribute to balanced and efficient development of the industry.

PayEase's strength lies in its ability to build on its existing payment business, to integrate Big Data financial services with cloud-based financial platform. It is able to service enterprises along the entire chain of production in the industry from financial institutions to suppliers to downstream car repair shops, providing complementary supply and demand financial services, to complete the entire "pre-loan, loan, and post-loan" fund cycle. The E-Commerce Automobile Supply Chain Solution wholly reflects PayEase's complete understanding of the needs of all parties involved in the automobile industry business model and supply chain. It fully embodies "Internet + Banking" innovation and application, providing the perfect boost for the future enhancement of the automobile industry.

General Manager of PayEase, Mr Kino Kwok expressed: "In 2013, PayEase launched its Internet Financial Service solutions for P2P E-Commerce and business supply chain industries. In the future, it will offer customized financial service solutions for different types of enterprises in line with the new "Internet+" economic reforms. PayEase will continue to develop innovative, fast, flexible, professional and efficient internet financial services for enterprises and industries, as well as provide financing assistance to SMEs, so that every company will be able to achieve financial structure and build its core business, establishing an all-around win-win situation upstream and downstream."

About PayEase

PayEase is the first and foremost Online Payment Service Provider in China, established in 1998 by the Beijing Government and widely recognized for its trustworthiness and secured nationwide banking connections. Besides having PBOC Payment license and SAFE Cross-Border Payment license, PayEase is the first Payment Service Provider in China to have obtained the PCI Certification, and ISO 27001, satisfying all international Payment Provider standards. PayEase customers include the Beijing Government, Banks, Universities and Fortune 500 corporations such as Apple, Amazon, Nike, Korean Air, HP, Burberry, D&G, Bally, Armani, Travelzoo, peerTransfer, Loro Piana, Nespresso, H&M, Yoox, China Telecom, China Mobile, China Unicom, and more.

SOURCE PayEase