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Payment Trends in China Research Report on Alipay

Posted on September 12th, 2007 by startuplay

AliPay - PayPal of China, Third-party Payment System for TaoBao and AlibabaI’ve written on Chinese payment companies before, and noted the vast advantage Alibaba’s child company, Alipay, has over its competitors. Well, today my friends at Maverick China Research released a report outlining the current state of third-party payment services and Alipay’s current dominance of the market.

A brief summary follows:

  • Companies Profiled: China UnionPay, Union Mobile Pay, Alipay, Smartpay, Yeepay, IPS, Chinapay,
    99Bill , Tenpay, PayEase
  • Multi-channel payment options are available to Alipay users, including online bank transfer, cash, and direct debit solutions.
  • Alipay has signed partnerships with over 300,000 merchants in China.

Jack Ma, the founder of Alibaba, TaoBao and AliPayBut, of course, AliPay’s true advantage is Jack Ma - who could argue otherwise?

The report can be found here

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Filed under: China Market Trends - Daily Online Usage Trends

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2 Responses to “Payment Trends in China Research Report on Alipay”

  1. Dave Carini, on September 13th, 2007 at 12:10 pm Said:

    Serezha,

    Thanks for mentioning the report! It’s actually part of a series of profiles on China’s leading third-party payment companies. Other companies in the series include China UnionPay, Union Mobile Pay, Smartpay, Yeepay, IPS, Chinapay, 99Bill, Tenpay, and PayEase. We also recently wrote on our own blog about about the multiple payment options Alipay offers to its users.

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