After ten
years' development, China's third-party payment industry is gradually
developing into a mature and growing industry compliance with industry
standards. As of 2012, transaction scale of China's third-party payment
registered CNY 12.9 trillion, maintaining a good growth trend with growth rate
of 54.2% compared to 2011.
Growth
will slow down and market will maintain a sound and stable development trend.
From the perspective of transaction scale, offline acceptance business occupied
the largest proportion of 68.8% in 2012; the secondary was internet payment
accounting for 28.3%; mobile payment accounted for 1.2%.
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Among
third-party payment industry, bank card acceptance business and internet
payment are two major businesses as for transaction scale; prepaid card
distribution and acceptance give priority to local business, nationwide
enterprises under the scope of such business only account for one fifth of the
total prepaid card distribution and acceptance enterprises; business scales of
mobile phone payment is still on the development stage, current transaction
scale of third-party payment only have a small proportion.
UnionPay
took a lead with 45.9% of market shares in 2012, Alipay followed by its
absolute advantage in internet payment area, ChinaPNR, ALL IN PAY and Tenpay
ranked in the third, fourth and fifth respectively.
From
geographical distribution, China's third-party payment enterprises have covered
28 provinces and cities which mainly locate in coastal areas, and third-party
payment enterprises with licenses primarily concentrated on developed regions
such as Shanghai, Beijing and Guangzhou etc.
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