I’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.

But, of course, AliPay’s true advantage is Jack Ma - who could argue otherwise?

The report can be found here

Filed under: China Market Trends - Daily Online Usage Trends | 1 Comment »