Maverick China Research

MAVERICK CHINA RESEARCH is pleased to announce the publication of a new market report: China Third-Party Payment Profiles - ChinaPay

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 enjoys strong backing from its parent company, 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.

- ChinaPay enjoys high transaction volume from online brokerage services.

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

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