A Conversation with YeePay's Bin Tang
Market Platform Dynamics recently interviewed YeePay CEO Bin Tang about the Payments Ecosystem Challenges and Opportunities in China and has posted it on their Paying with Plastic website. YeePay recently announced the completion of a round of financing led by Draper Fisher Jurvetson, DFJ Dragon and joined by Intel Capital China, WR Hambrecht and several other institutional investors
In the interview, Tang notes:
Payment is a “long haul” business, consumer/merchant adoption, market acceptance all take a long time to build, nothing’s going to happen overnight. So it takes a lot of patience. Also, payment is not only about technology, it’s more about building an ecosystem, with banks, merchants, consumers and the payment provider, it requires a lot of sophisticated planning and execution.
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