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China Third Party Payment Profile: ChinaPay - Providing Online Payment Solutions for Chinese Banks
Maverick China Research, Dec 2007, Pages: 25
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 statesmen. Leveraging the financial and marketing support of its parent company, ChinaPay provides online payment, banking, and brokerage services, as well as offline bill payment and POS terminals.
Key Findings:
- ChinaPay, a subsidiary of China UnionPay, enjoys strong backing from its parent company. This backing comes in the form of deep pockets for ongoing activities and technology, and most importantly a strong and trustworthy brand name.
- ChinaPay is one of China’s few profitable third-party payment providers.
- Enjoys high transaction volume from online brokerage services.
- ChinaPay is one of China’s only third-party payment providers without a registered user-base.
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