Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 30 September 2021, 16:53 HKT/SGT
Share:
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 technology platform in China, has surpassed others to become one of the most-used aggregate payment service providers by merchants in China.


Yeahka's interim results show, as of the first half of this year, the total number of active merchants using the Company's payment services has reached 6.13 million, up 30.8% year-on-year ("YoY"). Its daily peak count of QR code payment transactions has reached 42 million, compared to 30 million at the end of last year, leading to a rapid increase in its market share in the non-bank independent QR code payment services market. According to Oliver Wyman, Yeahka ranked second with a market share of 14% in China, according to the number of transactions in 2019.

Based on analysis of the latest open data of other key players, Yeahka has surpassed its competitors to become the largest non-bank independent QR code payment services provider by market share in China.

According to iResearch Consulting's 2021 China's Third-Party Payment Industry Report, published this June, the number of merchants covered by integrated payment services has reached 30.48 million, up 19.2% YoY, as of the first half of 2021. Serving 6.13 million merchants, Yeahka has a market share of approximately 20%.

Number of payment transactions through QR code is displayed real-time on Yeahka's official website (www.yeahka.com).

A payment method that integrates multiple relatively fragmented payments through the use of an integrated QR code, aggregate payment brings more convenience to both merchants and consumers. For a services provider, in addition to providing omni-channel payment services, leveraging its technical capabilities to provide value-added services is a crucial next step.

This is also the key to Yeahka's business - the steady and rapid growth of the payment business also propels another important segment for the Company, namely technology-enabled business services. According to Yeahka's interim report, the revenue of this segment increased 86.6% YoY to RMB360 million, and its contribution to the Company's gross profit increased to 43.5% from 34.9% in the same period of 2020, significantly higher than other players in the same field.

Utilized HK$119.8 million in share incentive scheme

Yeahka announced on 23 September that, as of 21 September 2021, the trustee of the Restricted Share Unit ("RSU") Scheme had utilized an aggregate of approximately HK$119.8 million to purchase 4,104,400 Shares from the market at a consideration of HK$26.30 to HK$30.00 per share to hold in trust for the benefit of the RSU participants pursuant to the rules of the RSU Scheme.

According to the announcement, the shares purchased will be rewards for the RSU participants in the RSU Scheme, as an incentive for their contribution to the Company. In addition, the share purchase pursuant to the RSU Scheme also demonstrates the Company's confidence in its business outlook and prospect. The Company will continue to conduct share purchases in the market based on market conditions.



Topic: Press release summary Sectors: Cards & Payments, Cloud & Enterprise
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Latest Press Releases
Over 20 Million Shares Repurchased in Two Days, Shoucheng Holdings Sends a Strong Signal with Decisive Action  
July 31, 2025 20:11 HKT/SGT
Champion REIT Hosts ESG-Themed Event for a Third Year, Redefining Value and Sustainable Future of Commercial Properties Through Innovation  
July 31, 2025 20:10 HKT/SGT
HKTDC welcomes the 'Report on Hong Kong's Business Environment' and continues to actively promote Hong Kong's advantages  
July 31, 2025 20:00 HKT/SGT
Scipio Capital Advisors Capital Raise puts Alternative Asset Yield Within Reach of Accredited Investors  
July 31, 2025 19:25 HKT/SGT
Revenue of LEQEMBI(R) (Preliminary Basis)  
Thursday, July 31, 2025 5:27:00 PM
New Report Reveals Key Considerations For Successful Distribution Onboarding  
July 31, 2025 16:48 HKT/SGT
Transfer of Sharp Mie Plant No.2 and part of the land at Mie Base  
Thursday, July 31, 2025 4:11:00 PM
TANAKA PRECIOUS METAL GROUP Announces Business Partnership with JEPLAN to Realize a Decarbonized, Circular Society  
Thursday, July 31, 2025 2:00:00 PM
Wintermar Offshore (WINS:JK) Reports 1H2025 Results  
July 31, 2025 10:56 HKT/SGT
DENSO Announces First Quarter Financial Results  
Thursday, July 31, 2025 10:25:00 AM
More Press release >>
 Events:
More >>
 News Alerts
Copyright © 2025 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: