China Third-Party Payment Market Users Analysis, Transaction Size, Competitive Pattern, Market Review and Forecast to 2025

Third-party payment is comprised of traditional payment and emerging fin-tech services, of which payment services fall into five kinds, i.e., mobile POS (Point of Sale) payment, mobile payment, internet payment, POS service and cross-border payment service. Mobile payment and internet payment are the most popular online payment methods in current stage.

In 2018, the third-party payment transactions totaled RMB312.4 trillion in China, surging by 42.8% on an annualized basis, of which RMB190.5 trillion was mobile payments, a spurt of 58.4%. The increasingly tight oversight will favor the orderly development of the third-party payment market where transaction size will level off and is expected to hit RMB740 trillion in 2025.

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Against the backdrop that smartphones and 4G network become ubiquitous and give mobile payments market a big boost, part of web payment transactions have been done on mobile terminals instead; and people’s habits of paying by scanning a code offline or via near field communication (NFC) are also a boon for the boom of mobile payments. In 2018, bank card acquiring business accounted for 28% of total payments in China, and the online ways of payment occupied 72%, of which mobile payment method made up over 85%.

Independent third-party payment: the industry with a CAGR of 81.1% has a rosy prospect: a diversity of profit models includes access charge, service fee, commissions and other innovative models; “payment bundled with value-added services” may be trending. The requirement of handling over all the clients’ reserves in 2019 is a proof of still stricter supervision.

Third-party payment: customized solutions which are becoming a hotspot come with a CAGR of 16.5% in the number of micro and small businesses: third-party payment industry growth hinges on the number of merchants, especially in the business and customer markets. Alipay and WeChat have been the tycoons in the consumer market; in the business market, the promising micro and small businesses market has been a battleground.

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Competitive pattern: “2+1+N” pattern: the two giants WeChat and Alipay handle nearly 60% of transactions; UnionPay offers essential liquidation and settlement services; several third-party payment licensed firms scramble for market share, and the key factor for their expansion lies in quality products as oversights are being toughened.

China Third-Party Payment Industry Report, 2019-2025 highlights the following:
• China third-party payment industry (chain, access policies and standards, and key players);
• China third-party payment market (online and mobile payments) user research (nature, behavior, preference, etc.);
• China third-party payment market (development history, market size, competitive pattern, market share, new entrants, etc.);
• China third-party payment market segments (offline transactions, online payment, mobile payment, cross-border payment, etc.);
• 7 key Chinese third-party payment platforms (UnionPay, Alipay, WeChat, etc.), 9 independent firms, and 3 telecom operators (development strategy and SWOT analysis)

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Table of Contents:
1. Development Environment of China Third-Party Payment Industry
2. Users Analysis in China Third-Party Payment Industry
3. Market Analysis of Third-Party Payment Industry
4. Third-Party Payment Market Segments in China
5. Group Operation Enterprises in China Third-Party Payment Industry
6. Independent Operation Enterprises in China Third-Party Payment Industry
7. Telecom Operation Enterprises in China Third-Party Payment Industry
8. Market Review and Forecast of China Third-Party Payment Industry

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This release was published on openPR.