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Research and Markets: New Company Profile on ChinaPay Now Available

Posted on: Monday, 3 December 2007, 00:00 CST

Research and Markets (http://www.researchandmarkets.com/reports/c76034) has announced the addition of China Third Party Payment Profile: ChinaPay - Providing Online Payment Solutions for Chinese Banks to their offering.

ChinaPay is the online payment subsidiary of China UnionPay (CUP), China's government-backed inter-bank transfer network and credit card issuer. Founded in 2000, ChinaPay's seven years of operation make it one of the industry's elder statesmen. Leveraging the financial and marketing support of its parent company, ChinaPay provides online payment, banking, and brokerage services, as well as offline bill payment and POS terminals.

Key Findings:

- ChinaPay, a subsidiary of China UnionPay, enjoys strong backing from its parent company. This backing comes in the form of deep pockets for ongoing activities and technology, and most importantly a strong and trustworthy brand name.

- ChinaPay is one of China's few profitable third-party payment providers.

- Enjoys high transaction volume from online brokerage services.

- ChinaPay is one of China's only third-party payment providers without a registered user-base.

1 Industry Overview: Key Factors Shaping Third-Party Payments in China

1.1 Continued preference for cash payments, but bank card payments rising

1.2 Credit card use remains low; debit cards widespread

1.3 Limited coverage of non-cash payment services

1.4 China UnionPay's bank card monopoly

1.5 Quasi-online payment systems an interim solution

1.6 Two ISPs, 162 million Internet users

1.7 Two mobile operators, 500 million subscribers

1.8 Contactless smartcard use increasing but largely limited to buses and subways

1.9 Government regulations and the "national interest"

2 ChinaPay - Providing Online Payment Solutions for Chinese Banks

2.1 Company Overview

2.1.1 Ownership

2.1.2 Organizational Structure

2.1.3 Management Team

2.2 Business and Financial Performance

2.3 Services, Channels, and Coverage

2.3.1 Online Banking

2.3.2 Self-service Payment Terminals

2.3.3 POS terminals

2.4 Market Size

2.5 Marketing and Branding

2.6 Partnerships

2.6.1 Bank Partners

2.6.2 Merchant Partners

2.6.3 Technology Partners

2.7 Competitive Analysis

2.8 Outlook

List of Figures

Figure 1: Credit cards issued in China and in the US (M)

Figure 2: Internet Users in China, 2001-2006 (M)

Figure 3: Mobile Subscribers in China, 2002-2010F (M)

Figure 4: China government groups involved in third-party payment regulation

Figure 5: China UnionPay organizational chart

Figure 6: ChinaPay Payment Channels

Figure 7: ChinaPay Online Payment Operation Model

Figure 8: ChinaPay Online Payment Fee Structure

Figure 9: Online Brokerage Operation Model

Figure 10: ChinaPay Online Brokerage Fee Structure

Figure 11: ChinaPay Bank Partners for Online Brokerage Service

Figure 12: ChinaPay Fund Partners for Online Brokerage Service

Figure 13: ChinaPay Online Bank Transfer Partners

Figure 14: ChinaPay Self-service Payment Terminal

Figure 15: ChinaPay Terminal Services

Figure 16: ChinaPay e-POS

Figure 17: Total CUP bank cards issued in China, 2005-2007F (M)

Figure 18: ChinaPay Logo

Figure 19: ChinaPay Bank Partners

Figure 20: ChinaPay Key Merchant Partners

For more information visit http://www.researchandmarkets.com/reports/c76034

Source: Maverick China Research

Source: Business Wire

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