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CIW / Retail & E-commerce / China Online Payment Market Overview for H1 2014

China Online Payment Market Overview for H1 2014

September 11, 2014 By Cecilia

mobile-payment

Alipay still dominates China’s mobile payment market in Q2 2014 as it does in online payment market. In addition, more players have entered the market including Baidu.

china-online-payment1

In Q2 2014, total transaction value of China online payment exceeded RMB1.84 trillion (US$299.7 billion) with an increase of 64.1% from the same period of 2013 according to data of iResearch.

market-share-by-mobile-payment-value 2014 q2

Alipay ranked top in China mobile payment market in Q2 2014, accounting for 79.9% by total transaction value, followed by Tenpay and Lakala according to iResearch data.

We can see Baifubao, China Mobile, China Telecom and other channels are getting visible in China mobile payment market nowadays. Baifubao, Baidu’s attempt in mobile payment market, is finally on the map even though it just got 0.1% market share.

Compare with China’s Top Online and Mobile Online Payment Providers in Q1 2014

Filed Under: Retail & E-commerce Tagged With: alipay, payment, tenpay

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About Cecilia

Cecilia is a writer at CIW, graduated from Nanjing Normal University, majored in English. In her leisure time, she enjoys reading books and doing yoga.

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