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China Third-Party Payment Industry Report, 2013-2016

C&M: Latest Chinese third-party payment industry research presented


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2014-03-18 06:24:02 - China Third-Party Payment Industry Report, 2013-2016 - a new market research report on companiesandmarkets.com

From May 2011 when the People´s Bank of China issued the first batch of payment licenses to July 2013 when the seventh batch was released, the number of licensed third-party payment firms in China soared to 250, with the type of licenses covering seven leading business systems out and out.

As far as the transaction scale is concerned, offline acquiring, internet payment and mobile payment are primary businesses in China third-party payment market. In 2012, the transaction scale of the three primary businesses stood at 98.27% of the total in the third-party payment market, with the highest from the offline acquiring business accounting for 68.8%.

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