Online Payment Service Providers in China
- On December 31, 2009
PayPal is the safer, easier way to pay and get paid online. The service allows anyone to pay in any way they prefer, including through credit cards, bank accounts, buyer credit or account balances, without sharing financial information. PayPal has quickly become a global leader in online payment solutions with more than 153 million accounts worldwide. Available in 190 markets and 24 currencies around the world, PayPal enables global ecommerce by making payments possible across different locations, currencies, and languages. PayPal has received more than 20 awards for excellence from the internet industry and the business community -most recently the 2006 Webby Award for Best Financial Services Site and the 2006 Webby People’s Voice Award for Best Financial Services Site.
Alipay.com Co.,Ltd (AliPay) is China’s leading online payment service by both number of users and total transaction volume. A member of the Alibaba Group, it enables individuals and businesses to securely, easily and quickly send and receive payments online. AliPay works like an escrow service, solving the issue of settlement risk in China. Since its launch in 2004, AliPay has become the most popular and extensively used online payment tool for all areas of e-commerce in China, and is fast becoming the industry standard. Up to the 8th december, Alipay had more than 250 million users and a daily transaction volume exceeding 1200 million, through more than 4,000,000 daily transactions.
› International Payment Solutions Limited
International Payment Solutions Limited (iPS), a subsidiary of Universal Technologies Holdings Limited (SEHK Stock Code: 8091), was founded in 2000. As one of the pioneers in the third-party payment industry in China, iPS has continuously honed its knowledge of and conducted in-depth research into controlling risks, delivering effective and efficient products and services and extending its business to offline payments. iPS’s powerful payment platform provides multi-currency services, including the ability to pay and settle in Yuan. It ranks number one in terms of third party payment platform for debit card (Yuan/RMB) acceptance within China.