EQT exits VBill, an independent third-party payment service provider and merchant acquirer in China

Founded in 2011 and headquartered in Beijing, China, VBill offers a full range of payment solutions, including merchant acquiring, bank cards, QR codes and other omni-channel payment services. By leveraging its extensive merchant base, the Company also provides other value-added services, such as SAAS offerings and Fintech.

EQT invested in VBill in 2019, and during its tenure, VBill has transformed from a primarily traditional offline merchant acquiring and payment business to an integrated merchant operating solutions provider. With the support from EQT’s inhouse digitalization teams, the Company introduced three new SAAS offerings to its merchant base, including an integrated retailer solution which enables retailers to make more informed data-based decisions; a private domain operation for chained retailers with closed customer pools; and marketing tools to drive revenues and customer stickiness.

Contact
EQT Press Office, [email protected], +46 8 506 55 334


About EQT
EQT is a purpose-driven global investment organization with EUR 119 billion in assets under management within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia-Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
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About VBill
VBill is a leading independent third-party payment service provider in mainland China. Founded in 2011 and headquartered in Beijing, VBill is fully licensed to conduct bank card acquiring, internet payment, mobile payment and cross border RMB settlement.

More info: vbill.cn