UK Markets closed
  • FTSE 100

    5,860.28
    +74.63 (+1.29%)
     
  • FTSE 250

    18,109.57
    +215.15 (+1.20%)
     
  • AIM

    980.45
    +11.44 (+1.18%)
     
  • GBP/EUR

    1.0988
    -0.0074 (-0.67%)
     
  • GBP/USD

    1.3038
    -0.0042 (-0.3207%)
     
  • BTC-GBP

    10,010.57
    +123.01 (+1.24%)
     
  • CMC Crypto 200

    260.05
    -1.40 (-0.54%)
     
  • S&P 500

    3,465.39
    +11.90 (+0.34%)
     
  • DOW

    28,335.57
    -28.09 (-0.10%)
     
  • CRUDE OIL

    39.78
    -0.86 (-2.12%)
     
  • GOLD FUTURES

    1,903.40
    -1.20 (-0.06%)
     
  • NIKKEI 225

    23,516.59
    +42.32 (+0.18%)
     
  • HANG SENG

    24,918.78
    +132.65 (+0.54%)
     
  • DAX

    12,645.75
    +102.69 (+0.82%)
     
  • CAC 40

    4,909.64
    +58.26 (+1.20%)
     

China E-Commerce Payment Market Report 2020: Market is Expected to Reach USD 5.5 Billion by 2026 - Key Players are ICBC Bank, Bank of China, Alipay, Wechat, UnionPay

Research and Markets
·2-min read

Dublin, Oct. 02, 2020 (GLOBE NEWSWIRE) -- The "China E-Commerce Payment Market by Segment (Apparel, Electronics, Travel, Household, Health, Grocery), Payment Method (Bank Transfer, Card, Digital Wallet, & Others), Company Analysis" report has been added to ResearchAndMarkets.com's offering.

China's E-commerce Payment Market is expected to be USD 5.5 Billion by 2026.

China is an online shopping behemoth, and its e-commerce payment market is worth trillion-dollars. China's online shopping payment market significance to the rest of the world is hard to ignore. As it has a huge populace with booming access to digital technology means that sales have risen at a prodigious rate in recent years.

There are four popular methods of payment online: Bank Transfer, Pay by Card, Digital Wallet, and Online Payment by Third Parties:

  • Bank Transfer: In this mode, money is transferred from one bank account to another.

  • Card Payment: In this mode, payments are made through credit or debit cards. The use of the credit card in China is irregular, and debits cards are more popular.

  • Digital Wallet: A digital wallet, also known as e-wallet is a software program that securely allows clients to make electronic transactions with another party. For example: In 2008, Alipay officially introduced its mobile e-wallet.

  • Digital Payment: Digital Payment by third parties is a different form of online payment. It was introduced by e-commerce companies to eliminate the loss of trust in online transactions between guests. For example: In 2003, Alibaba (business-to-business e-commerce portal) introduced Alipay - an online digital payment solution based on escrow, where Alibaba held the money until the buyer signed off on receiving the goods.

Segment: The report China E-Commerce Online Payment Market has been divided into 7 Segments

  • Clothing & Apparel

  • Consumer Electronics

  • Travel & Tourism

  • Household Goods

  • Health & Beauty

  • Grocery

  • Others

Payment Method: On the basis of Payment Method

  • Bank Transfer

  • Card

  • Digital Wallet

  • Others

All the 5 companies have been studied from three points

  • Overview

  • Recent Developments

  • Sales Analysis

Company Analysis

  • ICBC Bank

  • Bank of China

  • Alipay

  • Wechat

  • UnionPay

For more information about this report visit https://www.researchandmarkets.com/r/betjhd

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900