Posts Tagged “online payments in China”

Market Report: China’s E-Commerce Boom

CHINA | A recent report by consulting firm AT Kearney ranked China as the top developing economy for e-commerce. This upswing in online commerce and electronic on-site payment processing is part of a general upswing in the Chinese economy and a further sign that it is developing from a purely manufacturing base into a fully fledged digital economy. This revolution is being spearheaded not by international companies cashing in on a developing market, but by a rash of local firms such as Alibaba and SooBest.


PAY.ON offers payment providers worldwide easy access to 145 million Chinese online shoppers

MUNICH | PAY.ON AG, one of the leading global service provider for worldwide payment processing, extends the payment coverage of its routing gateway PayPipe to China. With immediate effect, the gateway offers direct links to China UnionPay (CUP), one of the world's largest credit and debit card organisations, and to the CUP subsidiary ChinaPay, the also internationally well-known CUP card acquirer. Consequently, payment service providers and their merchants in the USA, Europe and other parts of the world now get easy technical access to the principal payment procedures of the world's second largest economy with annual disposable income totalling EUR 290 billion and over 145 million active Chinese online shoppers. Full details of PayPipe can be found at www.paypipe.com


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