Third-party (between buyers and sellers) electronic payment (e-payment) services generated total sales of 274.3 billion yuan (US$39.5 billion) in China in 2008, hiking by 18% from 2007, and sales are projected to increase at a compound annual growth rate (CAGR) of 51.6% from 2008 to 2012, according to China-based consulting company Shanghai iResearch.
Alipay was the largest third-party e-payment operator occupying 59.0% of the total sales in 2008, followed by TenPay with 17.9% and ChinaPay with 9.0%, the consulting firm said.
Of the total sales in 2008, 38.0% was for online shopping, 18.1% for buying flight tickets, 9.3% for paying telecom service fees, 8.3% for playing online games, 4.6% for B2B (business to business) trade and 3.8% for buying online lottery, it added.
Source: http://www.digitimes.com/
Alipay was the largest third-party e-payment operator occupying 59.0% of the total sales in 2008, followed by TenPay with 17.9% and ChinaPay with 9.0%, the consulting firm said.
Of the total sales in 2008, 38.0% was for online shopping, 18.1% for buying flight tickets, 9.3% for paying telecom service fees, 8.3% for playing online games, 4.6% for B2B (business to business) trade and 3.8% for buying online lottery, it added.
Source: http://www.digitimes.com/
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