国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Markets

UnionPay to spend $32m on online payment

By Wu Yiyao in Shanghai (China Daily) Updated: 2014-05-28 06:56

China UnionPay Co Ltd, a bankcard association, will spend 200 million yuan ($32.02 million) to promote its payment functions and services to cardholders, the company said on Tuesday.

Third-party payment services are taking an increased market share, it said.

The promotion is to change cardholder habits from swiping cards to paying with phones. It's something widely seen in China and has created business opportunities from online to offline payment channels, Hu Ying, assistant president of China UnionPay, said.

UnionPay to spend $32m on online payment
UnionPay 2013 transactions hit 32.3t yuan 

UnionPay to spend $32m on online payment
 China's bank card issuance at 4.39b 

UnionPay to spend $32m on online payment
China's online third-party payment market is worth 5.4 trillion yuan ($874.37 billion) and may more than double in the next four years, according to iResearch, an Internet market research service provider.

Transactions of some 250 certified third-party payment service providers in China totaled 1.72 trillion yuan in 2013.

Growth in the third-party payment market lies in investments because money market funds distributed online are becoming increasingly popular among investors.

According to Barclays Research, these funds account for less than 1 percent of more than 100 trillion yuan held in bank deposits at end-2013, but their assets have swelled by an average of 93 billion yuan each month from July 2013 to January 2014.

China's central bank introduced rules to guide development of the third-party payment market in March. It suspended digital credit card services and payment by scanning a barcode or quick-respond code with a smartphone to address concerns about protecting cardholders' payment securities.

Cardholders of China UnionPay cards with initial card numbers of 62 may have discounts when they use them between May 31 and June 2, during International Children's Day and China's Dragon Boat Day, by swiping the card or using Wallet, a smartphone application platform, UnionPay said.

Cardholders can download and use coupons, vouchers and join other promotion programs, the card association said.

China UnionPay will strengthen its role as a payment service provider and provide an open platform to help card issuers and holders, said Shi Wenchao, president of China UnionPay.

"Our goal is to appeal to more cardholders, so they are willing to complete transactions via UnionPay and enjoy more services and products of the UnionPay card," Shi said.

Market insiders and analysts said payment service providers need to expand mobile payment to win more market shares in the future.

Mobile payment will expand at a fast pace in the next two years. It's estimated the value of transactions completed via mobile payment will reach 4.1 trillion yuan by 2016, some four times of that in 2013, said Zhang Meng, an analyst with Analysis International in a recent note.

 

Hot Topics

Editor's Picks
...
...
罗定市| 延寿县| 安溪县| 大冶市| 龙川县| 铜梁县| 剑河县| 盈江县| 屏东县| 宜兰县| 巴楚县| 遵义县| 梓潼县| 桐柏县| 西华县| 泰来县| 甘德县| 余庆县| 湖南省| 东阳市| 轮台县| 小金县| 微山县| 博野县| 曲松县| 龙口市| 锡林郭勒盟| 沁阳市| 铅山县| 塔城市| 商城县| 方山县| 隆子县| 绥化市| 瓮安县| 朝阳县| 延安市| 正阳县| 千阳县| 九江县| 东乡族自治县|