Hengbao Co.,Ltd.

Chinese maker of smart cards, security keys and payment terminals

What Hengbao does

Hengbao makes the chips and cards behind everyday payments and phone connections, such as bank cards, SIM and eSIM cards, and IoT connectivity cards. It also sells digital security devices like USB keys, electronic tokens and tax-control disks, plus payment hardware such as mobile POS and face-recognition payment terminals. Its customers are mainly banks, telecom operators, tax systems and automotive clients in China and abroad.

How Hengbao makes money

It earns most of its money selling smart cards, security keys and payment terminals to banks, telecom operators and tax systems. It also charges for platform services such as one-card cloud, mobile payment and supply chain finance platforms.

Products & services

• Financial payment cards
• SIM, eSIM and M2M IoT cards
• USBKEY and electronic tokens
• Tax control disks and tax U-keys
• mPOS and face recognition payment terminals
• One-card cloud and mobile payment platform