Chinapay

Brief 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, […]

Tenpay(财富通)

Brief introduction Tenpay is the main competitor of Alipay. Tenpay is developed by Tencent which owns the most popular IM in China – QQ with more than 300 million users. More than 200,000 shopping websites accept Tenpay. Tenpay is compatible with the e-banking service of major domestic bank. Users can use Tenpay to send payment, […]

China third party payment market report part 5 – China mobile payment

No. 5 China Mobile payment 1. Brief introduction Chinese mobile users has reached 641 million in 2008, it is expected to reach 1 billion in 2013.  Mobile users are used to making small amount of payment on their mobile phone. Generally there are 2 popular ways to make payment on mobile: Sending text message and […]

China third party payment market report Part 4 – Credit card payment

No. 4 Credit card payment 1. Brief introduction Credit card payment mainly include offline payment(POS terminals, ATM) and online payment. According to the purpose and nature of this research, we will focus on online credit card payment market analysis. According to a report by a famous consulting firm, until 2008, about 150 million credit card […]

China third party payment market report Part 3 – online bank transfer

No. 3 Online Bank transfer(E-banking) 1. Brief Introduction Considering the nature and purpose of this research, we put our focus on online bank transfer. Bank transfer including online bank transfer(E-banking) and offline bank transfer. Bank transfer is the primary payment option in China, strictly speaking, offline bank transfer is the primary payment methods companies and […]

China third party payment market report Part 1 – Alipay

No. 1 Alipay Url: https://www.alipay.com/ 1. Brief introduction: Alipay.com Co.,Ltd (AliPay) is China’s leading online payment service by both number of users and total transaction volume. A member of the Alibaba Group, it enables individuals and businesses to securely, easily and quickly send and receive payments online. AliPay works like an escrow service, solving the […]