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