Home Page | Photos | Video | Forum | Most Popular | Special Reports | Biz China Weekly
Make Us Your Home Page
Most Searched: Xi Jinping   ADIZ  Third plenary session  EU-China  Urbanisation  

China's Q3 third-party payments reach 334.3 bln

English.news.cn   2013-12-04 19:11:43            

SHANGHAI, Dec. 4 (Xinhua) -- Third-party payment transactions in China have exploded in the third quarter, rising to 334.3 billion yuan (about 55 billion U.S. dollars), a tech industry analyst said on Wednesday.

The figure is a stratospheric 173 percent increase on the second quarter, according to Analysys International.

The top three third-party payment service providers -- Alipay, Lakala and Tenpay -- took about 93 percent of the market. Alipay's share was 64.4 percent.

The Internet giants such as Baidu and Sina have also introduced mobile payment services.

Despite the trend, China's third-party payment system is still in its infancy and the future market pattern will polarize and become more dynamic, said the report.

Editor: An
Related News
Home >> China            
Most Popular English Forum  
Top News  >>
Photos  >>
Video  >>
Top China News Latest News  
  Special Reports  >>