After ten years’ development, China’s third-party payment industry is gradually developing into a mature and growing industry compliance with industry standards. As of 2012, transaction scale of China’s third-party payment registered CNY 12.9 trillion, maintaining a good growth trend with growth rate of 54.2% compared to 2011.
Growth will slow down and market will maintain a sound and stable development trend. From the perspective of transaction scale, offline acceptance business occupied the largest proportion of 68.8% in 2012; the secondary was internet payment accounting for 28.3%; mobile payment accounted for 1.2%.
Browse Full Report With TOC @ http://www.radiantinsights.com/research/in-depth-research-and-forecast-of-china-third-party-payment-market-2013-2017
Among third-party payment industry, bank card acceptance business and internet payment are two major businesses as for transaction scale; prepaid card distribution and acceptance give priority to local business, nationwide enterprises under the scope of such business only account for one fifth of the total prepaid card distribution and acceptance enterprises; business scales of mobile phone payment is still on the development stage, current transaction scale of third-party payment only have a small proportion.
UnionPay took a lead with 45.9% of market shares in 2012, Alipay followed by its absolute advantage in internet payment area, ChinaPNR, ALL IN PAY and Tenpay ranked in the third, fourth and fifth respectively.
From geographical distribution, China’s third-party payment enterprises have covered 28 provinces and cities which mainly locate in coastal areas, and third-party payment enterprises with licenses primarily concentrated on developed regions such as Shanghai, Beijing and Guangzhou etc.
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
For more information visit: Radiant Insights
Corporate Sales Specialist, USA
Radiant Insights, Inc
Toll Free: 1-888-202-9519
Blog URL: http://sagarkadam.kinja.com/