Analysys International finds that there was a slight change in the third party online payment market in Q1, 2011.
In the 2nd half of 2010, China Unionpay established Internet Business Unit and operated it as company. It integrated and managed all the internet payment business. From this quarter, all the business of Chinapay, Easylink Payment and Unionpay HQ have been put together, called "Online Unionpay". Among them, they took up respectively 30%, 30% and 40% transaction share. That's why the transaction value of "Online Unionpay" overran 99 bill and China PNR, ranking third following the integration. Unionpay' business grabs some market share of other payment enterprises. In the future, with the release of payment license and payment enterprises' growing investment, the competition in the payment market will be even intense. However, it will not affect the distribution of market share in the online payment market in the short term.
The Third Party E-payment is a way of transaction that based on Internet and that it provides online (via internet) and off-line (via telephone and mobile phone) paying channels to help users and merchants with online currency payment, capital settlement, query statistics and other serial process. Those non-banking commercial organizations who conduct third party e-pay are named as third party e-pay providers.
Transaction Value is the value occurred when users make transactions with third party payment platform, including not only phone pay, net pay and users' consumption, but also the recharges to the users' account, account transfer with no consumption purpose and cash withdrawal.
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Results obtained by the means of professional research methods are for reference. The actual data can be obtained by checking on financial report issued by manufacturers.
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