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Market Research Report

China Third-Party Payment Industry Report, 2019-2025

Published by ResearchInChina Product code 291108
Published Content info 160 Pages
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China Third-Party Payment Industry Report, 2019-2025
Published: May 21, 2019 Content info: 160 Pages
Description

Third-party payment is comprised of traditional payment and emerging fin-tech services, of which payment services fall into five kinds, i.e., mobile POS (Point of Sale) payment, mobile payment, internet payment, POS service and cross-border payment service. Mobile payment and internet payment are the most popular online payment methods in current stage.

In 2018, the third-party payment transactions totaled RMB312.4 trillion in China, surging by 42.8% on an annualized basis, of which RMB190.5 trillion was mobile payments, a spurt of 58.4%. The increasingly tight oversight will favor the orderly development of the third-party payment market where transaction size will level off and is expected to hit RMB740 trillion in 2025.

Against the backdrop that smartphones and 4G network become ubiquitous and give mobile payments market a big boost, part of web payment transactions have been done on mobile terminals instead; and people's habits of paying by scanning a code offline or via near field communication (NFC) are also a boon for the boom of mobile payments. In 2018, bank card acquiring business accounted for 28% of total payments in China, and the online ways of payment occupied 72%, of which mobile payment method made up over 85%.

Independent third-party payment: the industry with a CAGR of 81.1% has a rosy prospect: a diversity of profit models includes access charge, service fee, commissions and other innovative models; "payment bundled with value-added services" may be trending. The requirement of handling over all the clients' reserves in 2019 is a proof of still stricter supervision.

Third-party payment: customized solutions which are becoming a hotspot come with a CAGR of 16.5% in the number of micro and small businesses: third-party payment industry growth hinges on the number of merchants, especially in the business and customer markets. Alipay and WeChat have been the tycoons in the consumer market; in the business market, the promising micro and small businesses market has been a battleground.

Competitive pattern: "2+1+N" pattern: the two giants WeChat and Alipay handle nearly 60% of transactions; UnionPay offers essential liquidation and settlement services; several third-party payment licensed firms scramble for market share, and the key factor for their expansion lies in quality products as oversights are being toughened.

China Third-Party Payment Industry Report, 2019-2025 highlights the following:

China third-party payment industry (chain, access policies and standards, and key players);

China third-party payment market (online and mobile payments) user research (nature, behavior, preference, etc.);

China third-party payment market (development history, market size, competitive pattern, market share, new entrants, etc.);

China third-party payment market segments (offline transactions, online payment, mobile payment, cross-border payment, etc.);

7 key Chinese third-party payment platforms (UnionPay, Alipay, WeChat, etc.), 9 independent firms, and 3 telecom operators (development strategy and SWOT analysis).

Table of Contents

Table of Contents

1. Development Environment of China Third-Party Payment Industry

  • 1.1 Definition
  • 1.2 Policy Environment
    • 1.2.1 Related Policy
    • 1.2.2 License Issuing
  • 1.3 Economic Environment
  • 1.4 Technological Environment
  • 1.5 Social Environment
    • 1.5.1 Netizen Size
    • 1.5.2 Mobile Netizen Size
    • 1.5.3 Market Scale of Internet Shopping

2. Users Analysis in China Third-Party Payment Industry

  • 2.1 Online Payment
    • 2.1.1 User Attributes
    • 2.1.2 User Behavior
  • 2.2 Mobile Payment
    • 2.2.1 User Attributes
    • 2.2.2 User Behavior
    • 2.2.3 Attributes and Behavior Preferences of Mobile Payment Users
    • 2.2.4 Mobile Payment Platforms (Alipay, WeChat, Quick Pass, etc.)

3. Market Analysis of Third-Party Payment Industry

  • 3.1 Development Course
  • 3.2 Market Scale
  • 3.3 Competition Pattern
    • 3.3.1 Number and Business Types of Enterprises
    • 3.3.2 Market Shares
    • 3.3.3 Deepening Layout in Internet Finance Industry
    • 3.3.4 Industries Set Foot in Third-party Payment

4. Third-Party Payment Market Segments in China

  • 4.1 Offline Acquiring
    • 4.1.1 Development Background
    • 4.1.2 Market Size
    • 4.1.3 Development Trend
  • 4.2 Online Payment
    • 4.2.1 Market Size
    • 4.2.2 Market Structure
    • 4.2.3 Competition
  • 4.3 Mobile Payment
    • 4.3.1 Definition
    • 4.3.2 Industrial Chain
    • 4.3.3 Development Environment
    • 4.3.4 Market Size
    • 4.3.5 Market Structure
    • 4.3.6 Competition
    • 4.3.7 Development Trend
  • 4.4 Cross-border Payment
    • 4.4.1 Definition
    • 4.4.2 Policy
    • 4.4.3 Market Analysis

5. Group Operation Enterprises in China Third-Party Payment Industry

  • 5.1 Overview
  • 5.2 AliPay
    • 5.2.1 Profile
    • 5.2.2 Development Course
    • 5.2.3 Operation
    • 5.2.4 Mobile Payment
    • 5.2.5 Partners
    • 5.2.6 Establishment of Ant Financial
  • 5.3 CHINAUMS
    • 5.3.1 Profile
    • 5.3.2 Partners
    • 5.3.3 Mobile Payment
    • 5.3.4 Marching in Internet Personal Finance
  • 5.4 ChinaPay
  • 5.5 China TV Pay
  • 5.6 TenPay
    • 5.6.1 Profile
    • 5.6.2 Development Course
    • 5.6.3 Wechat Payment
    • 5.6.4 Partners
    • 5.6.5 TenPay Insurance Supermarket Closed
    • 5.6.6 Establishment of TenPay e-Finance Petty Loan Co., Ltd.
  • 5.7 99Bill
    • 5.7.1 Profile
    • 5.7.2 Development Course
    • 5.7.3 Partners
    • 5.7.4 Purchased by Wanda Group
    • 5.7.5 Deepening Layout in Internet Finance Industry
  • 5.8 SWOT Analysis of Group Operation Enterprises

6. Independent Operation Enterprises in China Third-Party Payment Industry

  • 6.1 ChinaPnR
    • 6.1.1 Profile
    • 6.1.2 Payment Business
    • 6.1.3 Development Course
    • 6.1.4 Partners
    • 6.1.5 Transforming into Comprehensive Finance
  • 6.2 YeePay
    • 6.2.1 Profile
    • 6.2.2 Development Course
    • 6.2.3 Partners
    • 6.2.4 Strategy
    • 6.2.5 Acquiring AndPay.me
  • 6.3 IPS
    • 6.3.1 Profile
    • 6.3.2 Development Course
    • 6.3.3 Partners
  • 6.4 Lakala
    • 6.4.1 Profile
    • 6.4.2 Development Course
    • 6.4.3 Operation
    • 6.4.4 Mobile Payment
    • 6.4.5 Partners
    • 6.4.6 Deepening Layout in Internet Finance
  • 6.5 UMPay
    • 6.5.1 Profile
    • 6.5.2 Development Course
    • 6.5.3 Partners
  • 6.6 Qiandai
  • 6.7 LianLianPay
  • 6.8 PinganPay
  • 6.9 Smartpay
  • 6.10 SWOT Analysis of Independent Operation Enterprises

7. Telecom Operation Enterprises in China Third-Party Payment Industry

  • 7.1 CMPAY
    • 7.1.1 Profile
    • 7.1.2 Payment Business
    • 7.1.3 Development Course
    • 7.1.4 Partners
    • 7.1.5 Strategic Goal
    • 7.1.6 Layout of Overseas Shopping Payment
  • 7.2 Bestpay
    • 7.2.1 Profile
    • 7.2.2 Development Course
    • 7.2.3 Partners
  • 7.3 EPAY
  • 7.4 SWOT Analysis of Telecom Operation Enterprises

8. Market Review and Forecast of China Third-Party Payment Industry

  • 8.1 Market Review
  • 8.2 Development Trends
  • 8.3 Market Forecast
  • 8.4 Forecast of Market Segments
    • 8.4.1 Offline Acquiring
    • 8.4.2 Online Payment
    • 8.4.3 Mobile Payment

Selected Charts

  • Third-party Payment Industry Chain in China, 2018
  • Interpretation of Third-party Payment Management
  • Policies on Third-Party Payment Industry in China, 2010-2019
  • List of Companies Obtained Payment Business License (2019)
  • List of 17 Companies Obtained Cross-border Payment Business License
  • YoY Change of GDP in China, 2010-2018
  • YoY Change of Consumer Price Index in China, 1990-2018
  • Contribution of Consumption to Economic Growth, 2013-2017
  • Number of Netizens & Internet Penetration in China, 2008-2018
  • Number of Mobile Internet Users and % in Total Internet Users in China, 2011-2018
  • Transaction Scale of Internet Shopping in China, 2010-2018
  • Regional Structure of Online Payment Users in China, 2018
  • Payment Types of Online Payment Users in China, 2018
  • Expected Payment Types of Online Payment Users in China, 2018
  • Mobile Payment Users Structure in China by Gender, 2017-2018
  • Mobile Payment Users Structure in China by Age, 2017-2018
  • Educational Background of Mobile Payment Users in China, 2017-2018
  • Distribution of Mobile Payment Users in China by Region, 2017-2018
  • Distribution of Mobile Payment Users in China by Region, 2017-2018
  • Frequency of Mobile Payment by Users in China, 2017-2018
  • Amount Per Payment of Mobile Payment Users in China, 2017-2018
  • Structure of Mobile Payment Users' Accounts by Type, 2018
  • Main Reasons for Using Mobile Payment in China, 2018
  • Structure of Users' Expectations on Mobile Payment Growth, 2018
  • Problems with Usage of Mobile Payment by Users in China, 2017-2018
  • Structure of Security Problems Mobile Payment Users Faced, 2018
  • Structure of Problems Mobile Payment Users Thought to Be Solved on the Client, 2018
  • Structure of Measures Mobile Payment Users Expected for Protecting Their Rights and Interests, 2018
  • Structure of Mobile Payment Users' Concerns, 2018
  • Online Consumption Time Frames, 2018
  • Major Industries to Which Mobile Payments Are Applied, 2018
  • Payment Methods of Mobile Payment in China, 2018
  • Mobile Payment Users' Acceptance of Barcode Payment, 2018
  • Acceptance of Barcode Payment by Mobile Payment Users in China by Region, 2017-2018
  • Barcode Pay Scenarios of Chinese Mobile Payment Users, 2018
  • Share of Payment Methods Mobile Payment Users Used to Pay Public Transit in China, 2018
  • Share of Payment Methods Mobile Payment Users Used to Pay Highway Toll in China, 2018
  • Mobile Payment Users' Knowledge of Policies Concerning Mobile Payment in China, 2018
  • Mobile Payment Users' Awareness of New Mobile Payment Technologies in China, 2018
  • Mobile Payment Users' Acceptance of Biometric Recognition Technology in China, 2017-2018
  • Comparison of Mobile Payment Users' Concerns about Using Biometric Recognition Technology-based Mobile Payments in China, 2018
  • Development Course of Third-party Payment Industry in China
  • Transaction Scale of China's Third-party Payment Industry, 2015-2025E
  • Proportions of Internet Payment, Mobile Payment and Offline Acquiring by Transaction, 2015-2025E
  • Business Types Contrast of Third-party Payment in China
  • Regional Structure of Third-party Payment Enterprises in China (2019)
  • Market Shares of Third-party Payment Firms in China (by Transaction), 2018
  • Third-party Payment Enterprises' Layout in Internet Finance in China
  • Industries Setting Foot in Third-party Payment
  • YoY Change of Issuing Quantity of Bank Card and Credit Card in China, 2010-2018
  • Issuing Quantity of Bank Card and Credit Card in China, 2010-2018
  • Transaction Volume of Third-party Mobile POS Payment and Mobile Payment in China, 2012-2021E
  • Transaction Volume of Third-party Offline Acquiring in China, 2010-2018
  • Transaction Volume Structure of Third-party Offline Acquiring in China, 2010-2018
  • Transaction Volume of China's Third-party Online Payment, 2010-2018
  • Transaction Volume Structure of Third-party Online Payment in China, 2013-2018
  • Market Share of Third-party Online Payment in China (by Transaction Volume), 2018
  • Definition of Mobile Payment
  • Industrial Chain of Mobile Payment
  • Development Course of Mobile Internet Technology in China
  • Ownership Volume and Penetration Rate of Smartphone in China, 2015-2025E
  • Transaction Volume of China's Third-party Mobile Payment, 2010-2018
  • Transaction Volume Structure of China's Third-party Mobile Payment (by Business Type), 2013-2018
  • Market Share of Third-party Mobile Payment in China (by Transaction Volume), 2018
  • Quarterly Growth of Users Quantity of Wechat Payment and QQ Wallet, 2018
  • Definition of Cross-border Payment
  • Policies on China Cross-border Payment Industry
  • Cross-border Export Ecommerce Market Size, 2013-2018
  • Cross-border Import Ecommerce Market Size, 2013-2018
  • Total Cross-border Internet Payment of Third-party Payment Agencies, 2014-2018
  • Third-party Payment Enterprises' Layout in Cross-border Payment in China
  • Payment Subsidiaries of China UnionPay
  • Payment System of China UnionPay
  • Basic Information of Alipay's Business License
  • Alipay's Shareholders before and after Equity Transfer
  • Development Course of Alipay
  • Transaction Volume of Alipay on November 11, 2011-2018
  • Development History of Mobile Payment of Alipay
  • Mobile Payment System of Alipay
  • Bank Partners of Alipay
  • Overseas Partners of Alipay
  • Other Partners of AliPay
  • Social Cooperation Partners of AliPay
  • Members of Ant Financial
  • Basic Information of CHINAUMS's Business License
  • Bank Partners of CHINAUMS
  • Client Partners of CHINAUMS
  • Third-party Institution Partner of CHINAUMS
  • Partners of ChinaPay
  • Shareholders of China TV Pay
  • Partners of China TV Pay
  • Basic Information of TenPay's Business License
  • Equity Structure of TenPay
  • Development Course of TenPay
  • Users Quantity of Wechat Payment and QQ Wallet, 2013-2018
  • Industry Partners of TenPay
  • Cooperation Types and Partners of TenPay
  • Basic Information of 99Bill's Business License
  • Development Course of 99Bill
  • Industry Partners of 99Bill
  • Cooperative Banks of 99Bill
  • SWOT of Group Operation Enterprises
  • Business Scale of ChinaPnR
  • Basic Information of ChinaPnR's Business License
  • Business Systems of ChinaPnR
  • Development Course ChinaPnR
  • Partners of ChinaPnR
  • Basic Information of YeePay's Business License
  • Development Course of YeePay
  • Industry Partners of YeePay
  • Bank Partners of YeePay
  • Basic Information of IPS's Business License
  • Business Distribution of IPS
  • Development Course of IPS
  • Cooperating Agencies of IPS
  • Cooperation Merchants of IPS
  • Basic Information of Lakala's Business License
  • Development Course of Lakala
  • Transaction Volume of Lakala, 2008-2018
  • Development Course of Mobile Payment of Lakala, 2013-2018
  • Partners of Lakala
  • Basic Information of UMPay's Business License
  • Development Course of UMPay
  • Partners of UMPay
  • Basic Information of Qiandai's Business License
  • Partners of Qiandai
  • Basic Information of LianLianPay's Business License
  • Basic Information of Pingan Pay's Business License
  • Partners of PinganPay
  • Basic Information of Smartpay's Business License
  • Partners of Smartpay
  • Business Scale of Smartpay
  • SWOT of Independent Operation Enterprises
  • Basic Information of CMPAY's Business License
  • Payment System of CMPAY
  • Development Course of CMPAY
  • Partners of CMPAY
  • Development Goal of CMPAY
  • Basic Information of Bestpay's Business License
  • Main Operating Data of Bestpay, 2011-2018
  • Development Course of Bestpay
  • Partners of Bestpay
  • Basic Information of EPAY's Business License
  • Partners of EPAY
  • SWOT of Telecom Operation Enterprises
  • Main Operation Data in China Third-Party Payment Industry, 2018
  • Transaction Volume of Third-party Payment in China, 2015-2025E
  • Transaction Volume Structure of Third-party Payment in China (by Business Types), 2015-2025E
  • Transaction Volume of Third-party Offline Acquiring in China, 2015-2025E
  • Transaction Volume Structure of Third-party Offline Acquiring in China, 2015-2025E
  • Transaction Volume of Third-party Online Payment in China, 2015-2025E
  • Transaction Volume of Third-party Mobile Payment in China, 2015-2025E
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