Online payment industry in China
STATISTICS OF ONLIne PaymenT In CHIna The number of online shoppers in China is increasing every day, with China's online shopping spending expected to hit $1 trillion by 2020. 2020 $1 trillion About 18.9% of online shoppers in China prefer domestic third-party online payment. 18.9% 16.6% favor paying via online banks, and 15.5% prefer to pay using credit cards offline. 16.6% 15.5% MarKeT SHare OF OnLIne THIRD-PARTY Payment PROVIDERS In CHIna 51% Alipay.com 18.6% TENPAY.COM 财 1 回 通 UnionPay 银联 11.5% 6.6% 99Bill.com 5.4% ChinaPnR | 汇 付 天下 易 宝 支付 3.2% YEEPAY.COm 2.7% 环 迅 支付 iPS INTERNATIONAL PAYMENT SOLUTIONS OTHER 1% ESTIMATED THIRD ParTY ONLINe PaymenT MarKeT In CHINA (In BILLION Yuan) 2013 5,372.58 2014 7,436.89 2015 10,406.63 2016_14,143.96 2017 18,480.44 Top 5 CHInese MOBILE APPS Tнат FaciLITате ONLINE PaymenTS Mobile apps MAU (Monthly Active Users) (In Millions) 62.818 Alipay Wallet 1.723 TENPAY.COM 翼 支付 1.337 BestPay 0.998 Alipay.com C 拉卡拉 0.778 lakala.com More than 80% of Chinese consumers prefer online payment methods when it comes to making cross-border payments. 80% 24 24 II CHInese CROSS-BORDER ONLIne Payment METHOD PrEFErences Domestic third party online payment 53.9% Credit Card online 48.2% payment Foreign third party online payment 45.0% Online bank 50.6% ш payment Mobile payment 24.0% Compiled & designed by: GO-Globe web design web applications identity seo Sources: http://www.chinainternetwatch.com/whitepaper/chinese-online-payment/ http://www.chinainternetwatch.com/8010/chinas-third-party-in- ternet-payment-exceeded-302b-in-ql-2014/ http://www.chinainternetwatch.com/10007/online-payment-mobile-apps-sep-2014/ http://www.chinainternetwatch.com/4655/brief-guide-to-china-cross-border-payment-status/ http://www.chinainternetwatch.com/7057/china-third-party-online-payment-market-2013/ http://www.thechinaperspective.com/articles/china-s-on- line-shopping-value-equivalent-to-world-s-16th-largest-economy-by-2020-10498/ %24
Online payment industry in China
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