YeePay VP: Monthly Transaction Volume Exceeds RMB 1B

Beijing-based online payment service provider YeePay currently records monthly transaction volume of RMB 1-10 billion, reports Youth Daily quoting company vice president Yu Chen. YeePay's revenue and profit both increased fivefold in 2007, said the vice president. Monthly transaction volume for Alibaba Group's online payment tool Alipay hit RMB 550 million on October 20.