U.S. Markets closed
  • S&P 500

    3,699.12
    +32.40 (+0.88%)
     
  • Dow 30

    30,218.26
    +248.74 (+0.83%)
     
  • Nasdaq

    12,464.23
    +87.05 (+0.70%)
     
  • Russell 2000

    1,892.45
    +43.75 (+2.37%)
     
  • Crude Oil

    46.09
    +0.45 (+0.99%)
     
  • Gold

    1,837.70
    +0.90 (+0.05%)
     
  • Silver

    24.32
    +0.18 (+0.76%)
     
  • EUR/USD

    1.2127
    -0.0022 (-0.1819%)
     
  • 10-Yr Bond

    0.9690
    +0.0490 (+5.33%)
     
  • Vix

    20.79
    -0.49 (-2.30%)
     
  • GBP/USD

    1.3438
    -0.0015 (-0.1088%)
     
  • USD/JPY

    104.1400
    +0.2800 (+0.2696%)
     
  • BTC-USD

    19,096.63
    +32.61 (+0.17%)
     
  • CMC Crypto 200

    365.19
    -14.05 (-3.71%)
     
  • FTSE 100

    6,550.23
    +59.96 (+0.92%)
     
  • Nikkei 225

    26,751.24
    -58.13 (-0.22%)
     

China E-Commerce Payment Market 2020-2026 by Segment (Apparel, Electronics, Travel, Household, Health, Grocery), Payment Method (Bank Transfer, Card, Digital Wallet, & Others) - ResearchAndMarkets.com

·2 min read

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/9th5l6

View source version on businesswire.com: https://www.businesswire.com/news/home/20201008005388/en/

Contacts

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