Chinapay

chinapayBrief introduction

ChinaPay is the online payment subsidiary of China UnionPay (CUP), China’s government-backed inter-bank transfer network and credit card issuer. Founded in 2000, ChinaPay’s seven years of operation make it one of the industry’s elder statesman. Leveraging the financial and marketing support of its parent company, ChinaPay provides online payments, banking, and brokerage services, as well as offline bill payment and POS terminals. Chinapay is the third largest online payment company in China.

Name: Chinapay

Company: Shanghai Chinapay electronic payment Co.,Ltd 

Private or public: State run

Address: RM1901-1905, No.2299, YanAn Road(W), ShanghaiMart Tower, Shanghai P.R.China

Contact information: Tel: (86-021)52504528 Fax: (86-021)62361165

User base: 33 million

Market share: 7.6%

According to third party payment market analysis report by Analysys, Chinapay’s market share has reached 7.6% in the first quarter of 2009[1].

Chinapay rank No. 3 in China online payment market, compared with 51.2% market share of Alipay and 20.5% of Tenpay. According to quarterly comparison chart of China major third-party payment companies between Q1 of 2006 to Q1 of 2009 by iresearch, Chinapay’s market share has decreased slightly in the past 3 years.

Growth rate: 5%

Competition: Alipay, Tenpay, 99bill, Soopay, Yeepay, IPS, Paypal

 

Relevant news stories 

AsiaPay Limited, a leading provider of advanced electronic payment service, solution and technology in Asia, has entered cooperation agreement with ChinaPay to enable AsiaPay’s merchants in Asia to readily collect online real-time payment from Chinese consumers.

 

IHG signed an exclusive two-year agreement with ChinaPay, an online payment subsidiary of China Union Pay. This new service is now available at IHG hotels across China including InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts and Holiday Inn Hotels & Resorts.

 


[1] According to http://news.xinhuanet.com/it/2009-06/14/content_11540340.htm

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  1. […] ecommerce, third party payment platforms like Alipay, Tenpay, Chinapay, 99bill etc are very common, so if you accept payment through Alipay, tenpay and other major […]