China male consumers spent more on large purchases than female. 51% paid for over half of their online purchase on mobile end; and, mobile payment for virtual goods consumption increased by 6 percentage points higher in 2015 compared with the previous year according to China UnionPay.
UnionPay Rising on Mobile Payment
Alipay and WeChat Pay are the two most popular mobile payment products in the market in China. Now, UnionPay is making a threat with mobile QuickPass and partnerships with ApplePay and SamsungPay.
China UnionPay Totaled 260 Million Usesrs in Aug 2015
According to the latest data from China UnionPay, as of 30 August 2015, the number of China UnionPay internet and mobile payment users has exceeded 260 million. China UnionPay online payment has become an important option for cardholders.
China UnionPay Surpassed VISA in Transaction Value in Q1 2015
In Q1 2015, China UnionPay’s total transaction value exceeded USD$1.9 trillion globally according to the latest data, which also means China UnionPay surpassed VISA for the first time in transaction value, becoming the biggest card liquidation organization in the world. According to the financial report of VISA, the total transaction value of VISA was USD$1.75 […]
China ATM Chip ATM Card to Exceed 1.2 Billion
According to China UnionPay, the quantity of chip bank cards (i.e. financial IC cards) released in China in 2014 was doubled compared with the previous year; the total quantity is expected to exceed 1.2 billion.
Apple Adds UnionPay Payment for App Store Customers in China
Apple today announced that the App Store has added UnionPay as a payment option for customers in China. China UnionPay is the most popular payment card in China and will provide App Store customers with a simple and more convenient way to purchase their favorite apps. Customers can easily link their Apple ID with a […]
China Top 4 Online Payment Mobile Apps
Alipay’s mobile app exceeded 61.339 million MAUs in August 2014 in China according to EnfoDesk, remaining the most popular mobile payment app, followed by that of Bestpay, Tenpay and Lakala. In comparison, the top three online payment providers in the first quarter of 2014 were Alipay, Tenpay and Unionpay by total mobile transactions who together represented over […]
China’s Third-party Internet Payment Exceeded $302B in Q1 2014
China’s third party internet payment totalled RMB1873.15 billion (USD 302.71 billion) in Q1 2014, with a YoY growth rate of 84% according to iResearch.
China’s Top Online & Mobile Online Payment Providers in Q1 2014
Total online payment market in the first quarter of 2014 reached 1.96 trillion yuan, a growth rate of 5.1% QoQ. The top three providers, Alipay, Tenpay and Unionpay represent over 80% of the total.
WeChat Tests POS Payment, Ambitiously Boosts O2O Services
Could Wechat avoid Unionpay to test its POS payment? The answer is yes. Many reliable sources indicated that Wechat POS payment will launch on 22 in March, 2014.
Chinese Outbound Travelers Reached 100 million in 2013
According to People’s Daily report on January 9, 2014, in 2013, Chinese outbound travelers reached 97.3 million, with 14 million more travelers than 2012. It was estimated to break 100 million in 2014.
17 Third-Party Enterprises Granted Cross-Border Payment License
Alipay, together with 16 other third-party enterprises, were granted with cross-border payment license. The 17 enterprises are located in five cities and their licenses were granted in different businesses. Alipay, Tenpay, Chinapnr, Allinpay, Unionpay, 99Bill, shengpay,IPS, fuiou, yeepay and chinagpay are allowed in trade in goods, overseas education, air tickets and hotels; yinyingtong is allowed […]
UnionPay New Policy Targeting Third-Party Online Payment
UnionPay announced a new policy towards third-party payment recently, strongly defending its interest in online payment which caused suspects and guesses from market. It stated that non-financial companies(mainly third-party payment) had to transfer offline transaction to UnionPay before December 31 2013. By the end of July 1 2014, third-party payment online transactions had to link […]
Sina to Launch Square Style Mobile Payment Solution With Lakala
Sina will launch a Square style mobile payment solution with Lakala, a Chinese independent payment solutions powered by China Unionpay. The cooperation is still under negotiation, said by one staff from Lakala. Lakala would help Sina with hardware and software development and system maintenance. The final product might even be cheaper than Lakala’s own Square […]
10 Charts to Tell You About China Online Shopping Market in Q2 2013
iResearch recently released its China Internet Data Report in Q2 2013, giving us a glimpse of China internet performance in Q2. Online Markets and Online Advertising As you can tell from the chart above, Mobile won over PC devices on internet segment markets growth, such as shopping, searching, marketing(searching excluded) and game. Online shopping and […]