|
|
 |
|
Viewing report
|
|
|
|
China Online Payment Industry Report, 2009
Research In China, Nov 2009, Pages: 71
The global economic crisis has impacted on the majority of industries, but China online payment market is growing against the adversity, and has shown rapid growth trend in market scale and number of users. In 2008, the number of users registered 52 million, and in 2009 the figure will exceed 90 million. In 2008, the online payment market valued RMB210 billion, and will reach RMB430 billion in 2009.
With the issuance of Management Measures for Payment and Settlement Organizations, the supervision on online payment industry has been enhanced. The central bank will build up the payment service organization system which is led by the People's Bank, primarily supported by banking financial institutions, and assisted by payment and settlement organizations. The chaos once in payment industry will be controlled and malicious market competition alleviated. Those online payment enterprises in unfavorable operation will be eliminated, only the profit-making enterprises will survive, so the industry concentration will be further strengthened.
The largest third-party online payment platform in China -- Alipay announced the number of its users broke 200 million formally in July 2009, overrunning the giant Paypal to take the first position in online payment industry. As of July 6, 2009, AliPay had boasted of 200 million registered users, with daily trading volume of RMB700 million and daily four million transactions.
With the development of the Internet, particularly the further development of online shopping, the future competition among online payment enterprises will rest with individuation, accuracy and service.
This title is also available in the following language
China Online Payment Industry Report, 2009 (Chinese Version)
Customers who bought this item also bought
China Online Payment Industry Report, 2009
China Third-Party Payment Profiles: Alipay, Alibaba’s Payment Arm 2008
China Third Party Payment Profile: ChinaPay - Providing Online Payment Solutions for Chinese Banks
China Online & Mobile Payment Market Report, 2006
2009 Annual Research Report on China Third-Party Payment Market
China's Online Payment and Mobile Payment Development Study in 2005
Mobile Payment in China – An Endurance Race of Olympian Proportions
China Third Party Payment Profile: China UnionPay (CUP) – The Gateway to China’s Payment Industry
Online Payment in China: Transitioning from Cash to E-Commerce Solutions
Mobile Payment in China: 2008-2009 Edition
Remote Payment Will Lead China's Mobile Payment Market, Local Payment Will Follow
China Third Party Payment Profile: YeePay – Back to Basics with Telephone Payments
|
|
|
|
