Yeahka Ranks First among Non-bank Independent Institutions in QR Code Payment Acquiring Services

Yeahka Ranks First among Non-bank Independent Institutions in QR Code Payment Acquiring Services

HONG KONG, Sept 30, 2021 – (ACN Newswire) – Yeahka Limited (” Yeahka” or the “Company”) (Stock Code: 9923), a leading payment-based innovation platform in China, has actually exceeded others to turn into one of the most-used aggregate payment provider by merchants in China.

Yeahka’s interim outcomes reveal, since the very first half of this year, the overall variety of active merchants utilizing the Company’s payment services has actually reached 6.13 million, up 30.8%year-on-year (” YoY”). Its day-to-day peak count of QR code payment deals has actually reached 42 million, compared to 30 million at the end of in 2015, resulting in a fast boost in its market share in the non-bank independent QR code payment services market. According to Oliver Wyman, Yeahka ranked 2nd with a market share of 14%in China, according to the variety of deals in 2019.

Based on analysis of the current open information of other crucial gamers, Yeahka has actually exceeded its rivals to end up being the biggest non-bank independent QR code payment companies by market share in China.

According to iResearch Consulting’s 2021 China’s Third-Party Payment Industry Report, released this June, the variety of merchants covered by integrated payment services has actually reached 30.48 million, up 19.2%YoY, since the very first half of2021 Serving 6.13 million merchants, Yeahka has a market share of roughly 20%.

Number of payment deals through QR code is shown real-time on Yeahka’s main site (

A payment approach that incorporates several reasonably fragmented payments through using an incorporated QR code, aggregate payment brings more benefit to both merchants and customers. For a companies, in addition to offering omni-channel payment services, leveraging its technical abilities to offer value-added services is an essential next action.

This is likewise the secret to Yeahka’s company – the constant and fast development of the payment organization likewise moves another crucial sector for the Company, specifically technology-enabled company services. According to Yeahka’s interim report, the earnings of this section increased 86.6%YoY to RMB360 million, and its contribution to the Company’s gross revenue increased to 43.5%from 34.9%in the very same duration of 2020, considerably greater than other gamers in the exact same field.

Utilized HK$1198 million in share reward plan

Yeahka revealed on 23 September that, since 21 September 2021, the trustee of the Restricted Share Unit (” RSU”) Scheme had actually used an aggregate of roughly HK$1198 million to buy 4,104,400 Shares from the marketplace at a factor to consider of HK$2630 to HK$3000 per share to keep in trust for the advantage of the RSU individuals pursuant to the guidelines of the RSU Scheme.

According to the statement, the shares bought will be benefits for the RSU individuals in the RSU Scheme, as a reward for their contribution to the Company. In addition, the share purchase pursuant to the RSU Scheme likewise shows the Company’s self-confidence in its organization outlook and possibility. The Company will continue to perform share purchases in the market based upon market conditions.

Topic: Press release summary

Sectors: Cards & Payments, Cloud & Enterprise

From the Asia Corporate News Network

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