Abstract
This report
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- Analyzes the market environment of third-party payment industry.
- Focuses on competition of third-party payment industry.
- Highlights the operation of licensed third-party enterprises and others.
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Third-party payment refers to an Internet-based means of exchange that
provides online (Internet) and offline (telephone & mobile phone) payment
channels enabling user-to-merchant online payment, fund settlement, inquiries
and statistics, etc.
In 2010, market transaction volume of third-party payment broke through RMB 1
trillion and registered RMB 1.1395 trillion in China. However, third-party
payment market is still in its infancy stage and is expected to develop
rapidly in the next several years.
People' s Bank of China issued “Regulation on Payment Service of
Non-financial Organization” on 14 Jun. 2010, with the aim to officially
supervise the domestic third-party payment industry. On 26 May 2011, People' s
Bank of China granted the first batch of “Payment Transaction
License” to 27 third-party payment companies including Alipay, Tenpay,
ChinaPayand 99Bill. In terms of market share, the top three third-party
payment service providers in China are Alipay, Tenpayand ChinaPay.
Transaction Volume of Third-Party Payment Market in China, 2005-2013E
Source: ResearchInChina
Alipay: Alipayis a third-party payment platform that belongs to Alibaba
group. As of Dec. 2010, its number of registered users broke through 550
million, and daily transaction value reached RMB 2.6 billion and daily number
of transactions hit 11 million. It is expected that the annual transaction
value of Alipaywill achieve about RMB 1 trillion in each of the next two years.
TenPay: As Tencent' sthird-party payment platform, TenPayaccumulated 150
million personal users and over 400 thousand cooperative merchants till Dec.
2010.
ChinaPay: ChinaPayis a third-party payment service provider with
diversified business. Its business growth is mainly driven by those
monopolistic fields including fund and insurance online payment. However, this
monopolistic advantage is gradually diminished. In addition, with limited
investment, online payment service is not the core business of ChinaPay, and
its competitiveness is weak.
99Bill: As of 30 Apr. 2011, with transaction volume over RMB 100
billion, 99bill has 91 million registered users and over 980 thousand business
partners. During 2008-2009, 99Bill shifted its major business to the segment
markets, including insurance and fund industries, to get involved in the
differential competition.
YeePay: YeePayis an integrated payment platform. Till 26 Nov. 2010,
with over 10 thousand large and medium signed merchants, its daily transaction
volume and number of transactions exceeded RMB200 million and 1 million
respectively. Moreover, YeePayplays a leading role in the telephone payment
market. During 2008-2010, it experienced rapid development in the fields of
aviation, telecommunication and education.
Chinabank Payments:The lower online payment price is the key
competitive advantage of ChinabankPayments. In addition, its offline credit
card payment business has the early entry advantage.
Shengpay: With a registered capital of RMB250 million and about 250
employees, Shengpayis an independent third-party payment service provider
belongs to ShandaGroup. It provides payment solution for Shanda' sbusiness
including literature, music, film, recreation and tourism.
All In Pay: Headquartered in Shanghai, All In Pay possesses registered
capital of RMB 1.36 billion. Its main services include offline payment for POS
machine, online payment service, telephone payment through call center, and
payment service for other self-service terminal equipment.
Qiandai: Qiandaihas registered capital of RMB 100 million and over 300
employees. In the field of mobile payment, backed by its technical R&D
strength, Qiandaihas developed QDSIM expansion card, a smart card chip product
with full intellectual property rights.
Lakala: Founded in 2005, Lakalais a member enterprise of Lenovo
Holdings with accumulative investment of RMB 350 million. As of Jan. 2011, it
had 38 branches and offices in total, with over 1000 employees. Currently,
Lakalahas set up approximately 50 thousand convenient payment sites in over
230 cities, and can be found in over 50 thousand offices and 100 thousand
households. Moreover, at present, the number of Lakala' sconvenient payment
sites is 3 times of the number of post offices.
Table of Contents
1. Overview of Third-Party Payment
- 1.1. Definition
- 1.2. Regulatory Policies
2. Market Environment of Third-Party Payment Industry
- 2.1. Overview of Chinese Netizen
- 2.2. Overview of Chinese Online Merchant
- 2.2.1. Scale and Transaction Volume
- 2.2.2. Regional Development
- 2.2.3. Distribution by Industry
- 2.3. Development of Mobile Phone Users in China
3. Market Analysis of Third-Party Payment Industry
- 3.1. Market Scale
- 3.2. Market Segments
- 3.2.1. Online Payment
- 3.2.2. Mobile Phone Payment
- 3.2.3. Telephone Payment
4. Competition
- 4.1. Market Share
- 4.2. Main Platforms
5. Key Licensed Enterprises
- 5.1. Alipay
- 5.1.1. Changes of Stock Rights
- 5.1.2. Development
- 5.1.3. Subscriber Volume
- 5.1.4. Daily Transaction Volume Number of Transactions
- 5.1.5. Partner
- 5.1.6. Multinational Payment Service
- 5.1.7. Business Volume on Alibaba' sPlatform
- 5.1.8. SWOT
- 5.2. TenPay
- 5.2.1. Changes of Stock Rights
- 5.2.2. Development
- 5.2.3. Product and Service
- 5.2.4. Livelihood Payment
- 5.2.5. Air Ticket Payment
- 5.2.6. SWOT
- 5.3. 99Bill
- 5.3.1. Profile
- 5.3.2. Development
- 5.3.3. Subscriber
- 5.3.4. SWOT
- 5.4. YeePay
- 5.4.1. Development
- 5.4.2. Operation
- 5.4.3. SWOT
- 5.5. iPS
- 5.6. ChinabankPayments
- 5.7. ChinaPnR
- 5.8. Others -Internet Tycoon
- 5.9. Others -State-owned
- 5.9.1. All In Pay
- 5.9.2. KuaiPay
- 5.9.3. Beijing Digital WangfujingTechnology Ltd. Co.
- 5.10. Others -Card Distribution
- 5.10.1. Property & Credit (Zihexin)
- 5.10.2. Open Union
- 5.11. Others -Independent Service Provider
- 5.11.1. Qiandai
- 5.11.2. SmartPay
- 5.11.3. Lakala
- 5.12. Others -Unionpayand Bank
- 5.12.1. Shanghai FFT Information Service Ltd.
- 5.12.2. China UnionPayMerchant Services Co., Ltd.
- 5.12.3. Beijing UnionPay
6. Other Key Enterprises
- 6.1. ChinaPay
- 6.1.1. Profile
- 6.1.2. SWOT
- 6.2. PayEase
- 6.3. Beijing CloudnetInternet Co., Ltd.
- 6.4. Union Mobile Pay (UMPay)
- 6.5. Others
- 6.5.1. BestPay
- 6.5.2. 95epay
- 6.5.3. Ecpss
7. Market Forecast of Third-Party Payment Industry
- 7.1. Main Influencing Factors
- 7.2. Market Forecast
- 7.3. Segment Market Forecast
Selected Charts
- Interpretation of Third-party Payment Regulatory Policies
- List of Companies firstly Obtained Payment Business License
- Number of Netizens& Internet Penetration in China, 2002-2010
- Echelon Distribution of Online Merchants in China
- Industry Distribution of Small & Medium Online Merchants, 2010
- Distribution of Small & Medium Online Merchants by Business Type in China
- Number of Mobile Phone Users in China, 2006-2011Q1
- Number of Mobile Internet Users in China, 2008-2013F
- Transaction Volume and Growth Rate of China' s Third-party Payment Market,
2005-2010
- Proportions of Third-party Online Payment, Mobile Payment and Telephone
Payment by Transaction Volume, 2005-2010
- Number of Registered Accounts and Growth Rate of China' s Third-party
Payment Market, 2005-2010
- Transaction Volume and Growth Rate of China' s Third-party Online Payment,
2005-2011Q1
- Number of Registered Accounts and Growth Rate of China' s Third-party
Online Payment, 2005-2010
- Transaction Volume and Growth Rate of China' s Third-party Mobile Payment,
2005-2010
- Number of Registered Accounts and Growth Rate of China' s Third-party
Mobile Payment, 2005-2010
- Transaction Volume and Growth Rate of China' s Third-party Telephone
Payment, 2005-2010
- Number of Registered Accounts and Growth Rate of China' s Third-party
Telephone Payment, 2005-2010
- Market Shares of Third-Party Online Payment Companies, 2011Q1
- Comparison of China' s Key Payment Platforms
- Comparison of China' s Key Payment Platforms by Type
- Alipay' sControlling Shareholders before Equity Transfer
- Alipay' sControlling Shareholders after Equity Transfer
- AliPay' sHistory
- Basic Information of AliPay' sBusiness License
- Number of Registered Accounts and it' s Growth Rate of AliPay, 2006-2010
- Comparison between AliPayand PayPal by Number of Registered Accounts
- AliPay' sDaily Trading Volume and Transaction Amount, 2004-2011
- Cross-Border Payment Service Flow of Alipay
- Some of Alipay' sClients & Partners
- Number of Taobao' sRegistered Accounts, 2006-2010Q2
- Sales and It' s Growth Rate of Taobao, 2005-2009
- SWOT of AliPay
- Equity Structure of TenPay
- TenPay' sHistory
- Basic Information of TenPay' sBusiness License
- Products and Services of TenPay
- Development of TenPay' sAir Ticket Business
- SWOT of TenPay
- 99Bill' s History
- Basic Information of 99Bill' s Business License
- Quantity of Individual Subscribers and Merchant Subscribers of 99Bill,
2004-2011
- SWOT of 99Bill
- YeePay' sHistory
- Basic Information of YeePay' sBusiness License
- Key Operating Indicators of YeePay
- SWOT of YeePay
- IPS' s History
- Basic Information of IPS' s Business License
- Information of IPS' s Payment Platform
- SWOT of IPS
- Profile of ChinabankPayments
- History of ChinabankPayments
- Basic Information of ChinabankPayments' Business License
- Some Partners of ChinabankPayments
- SWOT of ChinabankPayments
- Chinapnr' sHeadquarters and Branches
- Basic Information of Chinapnr' sBusiness License
- Some Partners of Chinapnr
- Basic Information of Shengpay' sBusiness License
- Big Events of ALL IN PAY
- Basic Information of ALL IN PAY' s Business License
- Basic Information of Kuaipay' sBusiness License
- Basic Information of Digital Wangfujing' sBusiness License
- Ownership Structure of Beijing ShangfutongNetwork Technology Co., Ltd.
- Basic Information of Shangfutong' sBusiness License
- Basic Information of Open Union' s Business License
- Basic Information of Qiandai' sBusiness License
- Basic Information of Smartpay' sBusiness License
- Basic Information of Lakala' sBusiness License
- Basic Information of EBPP' s Business License
- Basic Information of UMS' Business License
- Basic Information of Beijing UnionPay' sBusiness License
- Profile of Chinapay
- SWOT of ChinaPay
- Information of PayEase' sPlatform
- SWOT of PayEase
- Platforms and Products of Cloudnet
- SWOT of Cncard
- Information of UMPay' sHeadquarters and Branches
- UMPay' sHistory
- Information of 95EPAY' s Platform
- Information of Ecpss' Platform
- Key Contributing Factors of China' s Third-party Payment Industry,
2010-2013F
- Key Barriers of China' s Third-party Payment Industry, 2010-2013F
- Transaction Volume and Growth Rate of China' s Third-party Payment
Industry, 2005-2013F
- Proportions of Online Payment, Mobile Payment and Telephone Payment by
Transaction Volume, 2005-2013F
- Number of Registered Accounts of China' s Third-party Payment Market,
2011-2013F
- Transaction Volume of China' s Third-party Online Payment Market, 2011-2013F
- Number of Registered Accounts of China' s Third-party Online Payment
Market, 2011-2013F
- Transaction Volume of China' s Third-party Mobile Payment Market, 2011-2013F
- Number of Registered Accounts of China' s Third-party Mobile Payment
Market, 2011-2013F
- Transaction Volume of China' s Third-party Telephone Payment Market,
2011-2013F
- Number of Registered Accounts of China' s Third-party Telephone Payment
Market, 2011-2013F
