Third-party Online Payment Market Size Reached 21 billion RMB in Q2 2007
iResearch recently announced ' 2007 China's online payment industry report for second quarter'. Data from the report shows that the third-party online payment market size reached 21 billion RMB, an increase of 31.3% sequentially, or triple year over year. Although facing pressure and risk from profit, policy and competition, China's online payment industry maintains fast growing. According to iResearch's estimate, the market size is expected to exceed 100 billion RMB in 2007.
iResearch found that with the rapid development of online payment industry, China's third-party online payment is transferring to a new period characterized by industrial payment with the following features.
Source : Chinatechnews
