Taobao and Alipay are connected to Yufu Payment

According to news from this website on August 16, on August 14, Yufu Pay cooperated with Taobao and Alipay. Consumers can use Yufu Pay to make payments on Taobao App. In terms of specific operations, using Yufu payment requires "transfer" through Alipay. According to the introduction, when users shop on Taobao App, they need to first install the Fuka App of Yufu Payment, then click Alipay to pay after submitting the order, and select "Yufuk Payment" on the payment page to complete the payment.

Inquiries on this site revealed that Yufu Payment Co., Ltd. is a wholly-owned subsidiary of Yufu Group. It was established in 2010 with a registered capital of 300 million yuan. "Prepaid card issuance and acceptance" is one of its main businesses.

The company is one of the first non-financial third-party payment service institutions in China approved by the People's Bank of China (business license number: Z2001811000016), and is also a governing unit of the China Payment Association.

The company’s business scope includes Internet payment, issuance and acceptance of prepaid cards, and its business area covers the whole country. The company's partners include Sinopec, Suning Appliances, New World Department Store and major banks.

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