Home » Business » Biz Commentary
Online payment booms
By Hu Xiaocen |
August 3, 2012, Friday
|
Print Edition
Print Edition
THIRD-PARTY online payment in China posted sizzling growth in the second quarter as sellers launched promotion campaigns, an industry report said yesterday.
Online payment transactions through third-party payment service providers topped 945.7 billion yuan (US$149.6 billion) in the second quarter, more than double from a year ago, Beijing-based research firm Analysys International said in the report. It was a 23 percent increase from the first three months of this year. Alipay still dominated the segment, with a leading market share of 47 percent, followed by China UnionPay Online Payment.
Surging online transactions in the emerging sectors such as tuition fee payment, insurance purchase and crossborder payment also contributed to the growth, according to the report.
Online payment transactions through third-party payment service providers topped 945.7 billion yuan (US$149.6 billion) in the second quarter, more than double from a year ago, Beijing-based research firm Analysys International said in the report. It was a 23 percent increase from the first three months of this year. Alipay still dominated the segment, with a leading market share of 47 percent, followed by China UnionPay Online Payment.
Surging online transactions in the emerging sectors such as tuition fee payment, insurance purchase and crossborder payment also contributed to the growth, according to the report.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
