BayPay was founded by Scofield Yeh in 2016. The company idea about BayPay is
to solve clients’ pain points with technology, such as on finance, promotions,
advertisements, company management, etc. In the very beginning, BayPay provided
the ad-tech solution which was a networking platform for CF, flyers, catalogs, and
Since 2017, BayPay focused the services on Fintech, the applications and
development of blockchain. BayPay received many positive responses from Tech in
Asia exhibition, which was for exploring the diversity of applying blockchain
technology, e.g., cryptocurrency exchange, advertorial, token supervision, wallet
service, etc., BayPay participated with TAC in Singapore 2018. Furthermore, BayPay
is favored by millions of overseas users. At the end of 2018, BayPay pivoted on
payment service and officially launched a whole new product—BayPay in June 2019.
BayPay poses as provider of payment gateway and SAAS (Software as a Service.) To combine company coins with cashier though WAAS (Wallet as a Service.)
Thus, two groups of people could be target clients: people who want to digitize properties and people who accept digital properties. Three purposes of BayPay: first one is to reach maximum productivity with digitalization. Simplify paying process and create more value. Also, it is helpful for business to increase the loyalty of membership and the fluidity of coins, points or token. Second, enable to accept different type of currency without extra device, contract and spending. Bring complete authority of the assets to the merchant because BayPay is able to provide cash out service anytime and anywhere. Last, customer end could get benefits in daily life. At the same time, customers will be more willing for buying. To sum up, BayPay’s solutions are better than any impracticable discount promotions or coupons. BayPay believes to build a better consumer chain will create a win-win situation for both customer end and business end.