Company Information

Get to know Hengda Wantong Zhifu

Beijing Hengda Wantong Payment Technology Co., Ltd., operating as Hengda Wantong Zhifu, was a Chinese company specializing in third-party payment solutions. Founded in 2008, it obtained a payment business license from the People's Bank of China (PBOC) in 2011, allowing it to provide internet payment services nationwide. The company focused on offering secure and convenient online payment gateways and settlement services for e-commerce platforms and various online merchants. However, due to undisclosed reasons, the PBOC did not renew its license upon its expiration in June 2021, effectively ending the company's ability to legally operate as a payment provider.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service
Financial Payment

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Hengda Wantong Zhifu

China

Founded in

01 Mei 2008 (18 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.