iResearch released a report on Chinese electronic payment users in 2015, which shows data of China e-payment and its users.
China Mobile Payment Market Insights in 2014
In 2014, total transaction value of China mobile payment market exceeded RMB599.247 billion(US$97.628 billion) with an increase of 391.3% from last year according to data of iResearch.
WeChat, Weibo or Alipay? Who Won Hongbao War in 2015?
Total hongbao volume on Chinese New Year eve exceeded one billion on WeChat compared with 240 million on Alipay. The volume during the same period on Weiob was 101 million who started Hongbao campaign on 2 Feb 2015.
Weibo and Alipay’s Hongbao Campaign Gone Viral
“2015 Let Hongbao Fly” campaign, jointly started by Weibo and Alipay, indicates the start of virtual Hongbao (or Red Envelope) war for Chinese New Year 2015.
Alipay Launched China’s First Credit Agency
Alipay’s Ant Financial Services Group has established China’s first credit agency, called Sesame Credit, to use a system based on online and offline data to generate individual credit scores for consumers and small business owners.
China E-commerce Market in 2014
China e-commerce is developing rapidly nowadays and it will account for 18% of the total retail sales in 2018, up from 8% in 2013, estimated by Morgan Stanley.
Yu’E Bao Exceeded 578.9 Bln Yuan in 2014
Tian Hong Fund released the news on 5 January 2015 that as of 31 Dec 2014, Yu’E Bao’s exceeded RMB578.9 billion (US$94.09 billion), contributing over 98% of Tian Hong Fund’s total capital.
Alipay Sells Public Transport Cards to Cross-border Travelers
Alipay starts offering the purchase of public transport cards via its mobile apps Alipay Wallet for cross-border travelers.
Alipay’s Off-line Strategy Worked on Double 12 Shopping Day
Instead of duplicating Double 11 shopping festival on a different date, this year’s Double 12 focused on off-line retail sales led by Alipay.
Over 42.3 Bln Transactions on Alipay in 10 Years
Alipay released its 10-year bill statement as well as the latest payment statistics in different provinces in China as of 31 Oct 2014. The data shows in the past 10 years, Chinese consumers’ expenditure generated 42.3 billion transactions on Alipay. The volume of mobile payment on Alipay accounted for over 50%.
China Third Party Online Payment Market Exceeded RMB2 Trillion Yuan in Q3 2014
In Q3 2014, total transaction value of China third-party online payment market exceeded RMB2,015.43 billion (US$328.1 billion) with increase of 41.9% year on year and 9.5% quarter on quarter.
Insights of China Mobile Payment (Wechat, Alipay) Users
Mobile payment is growing more and more popular as mobile internet and e-commerce developed, but mobile users needed to be guided and their mobile habits needed to be cultivated. Alipay, the largest mobile payment platform in the world, and Wechat payment are now most popular among China mobile payment users.
Wechat Aiming Int’l E-commerce Market with Payment Solutions
Recently, Wechat payment is discussing cooperation with some e-commerce websites on importing business and overseas e-commerce including eBay.
Yu’E Bao Grew to 149M Users in Q3 2014
Tianhong Fund disclosed the report of Yu’E Bao’s first three quarters’ performance in 2014 on 24 October. As of 30 September 2014, total transaction value of Yu’E Bao exceeded RMB534.9 billion ($87.46 billion) with a decrease of 6.8% quarter on quarter in Q3 2014.
China Top 5 Online Payment Mobile Apps in Sep 2014
Alipay Wallet, Alipay’s mobile app brand renamed from “Alipay” and the largest mobile payment platform in the world, exceeded 62.818 million MAUs in September 2014 in China according to EnfoDesk; Alipay Wallet is the most popular mobile payment app by MAUs, followed by Tenpay, Bestpay, Alipay and Lakala.