ChinaPay - Providing Online Payment Solutions for Chinese Banks

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.
• 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

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