Online transactions boost in China market

[img_assist|nid=8146|title=|desc=|link=none|align=left|width=100|height=75] Analysys International, a China-based consulting company, reported that in the China market during the first quarter of 2008 the amount of total sales transactions achieved by third-party e-payment services made up 45.467 billion yuan (US$6.34 billion), which is 98.3% up from the previous quarter and 217% from the previous year.

Buyer's resorts for third-party e-payment services are classified by Analysys into four modes: online request sent to an independent third party, online request sent to a non-independent third party, request via handsets, and request via telephone.

The largest market share in online resorts to non-independent and/or independent third parties falls on Alipay (the part of the Alibaba Group) – 57.6%, then it is followed by TenPay with 15.4%, ChinaPay with 13.3%, 99Bill with 3.6%, IPS with 3.6%, PayEase with 2.1%, Chinabank with 1.9%, YeePay with 0.9%, 172.com with 0.4% and CnCard with 0.3%.