Established in 1999, Shanda Group has now been a large cultural investment conglomerate with assets of about 50 billion Yuan. It currently focuses on Internet financial innovation, digital-life service, new media, modern publishing, online games, literature and intelligent devices, and is leading in market share in such sectors.

Shanpay is a wholly owned subsidiary of Shanda Group, with 250 million Yuan registered capital, more than 600 employees and branches in Beijing, Guangzhou, Shenzhen, Xi'an, Wuhan and Chengdu.

Shanpay's business scope includes online payment, prepaid card issuance and acceptance, bank card acquiring service, mobile phone payment and telephone payment.

In 2013, Shanpay was approved by China's State Administration of Foreign Exchange to provide the cross-border payment services for international trade, overseas education, air tickets and hotels. Now Shanpay has obtained all the licenses required for the cross-border payment services.