Five-year growth of 30 times-fold, Internet payment will receive electronic payment licence

The latest data from China's Internet Center (CNNIC) show that in 2009, Internet payment usage reached 24.5%, user size 94.06 million, annual growth of up to 80.9%, is the fastest-growing network application in all E-commerce transactions. Sources said that the central bank will issue electronic payment licences during the year, thus promoting the rapid development of electronic payments.

Five-year growth of 30 times times

Data show that in 2009, China's online payment market size of more than 570 billion yuan, compared with 2008 's 274.3 billion yuan growth of more than 110%. Online payment transactions have grown by more than 100% for five consecutive years. In these five years, the size of the deal has grown by nearly 30 times times. The online payment industry has grown faster than everyone expected.

Eric Consulting predicts that if third party payments can maintain the current strong momentum of growth, by 2012, the industry will be more than 2 trillion yuan, the transaction volume than this year to achieve a double, according to 0.5% of the yield (revenue/turnover) calculation, then the industry will be more than 10 billion yuan revenue scale.

Cnnic that the rapid growth of online payments, on the one hand, the rapid expansion of the field of online payment, Third-party payment companies and insurance, aviation and other capital circulation of large industries to strengthen cooperation, online payment in business-to-business, consumer, consumer-to-consumer the field of full bloom; On the other hand, The rapid growth of online shopping and travel bookings has been a powerful boost to payment growth.

At present, the third party electronic Payment enterprise not only provides the complete platform solution for the merchant who engages in the electronic commerce, but also undertakes the task of nurturing the cardholder market and providing the cardholder with fast and efficient payment tools.

Chabo, director of the strategic development of IPs, predicts that in the next decade, electronic payments will play a more important role in the payment of public utilities such as online shopping, air tickets, virtual industries and consumer services.

First batch of licences issued during the year

According to sources, the central bank's "pay Clearing Association" will be set up this month, will be led by the association responsible for 2010 years to launch the first electronic payment licences, which will mean that rage network payments formally into the financial regulatory system.

Chabo that the central bank's issuance of electronic payment licences would be a catalyst for the continued rapid development of electronic payments in the next phase.

According to the disclosure, the first batch to join the Payment Clearing Association of a total of 30 enterprises, including both Alipay and other consumer-to-consumer-oriented electronic payment enterprises, but also including IPs to the industry-oriented enterprises.

In order to unify and standardize the industry standard of electronic payment enterprises, the central bank began to investigate the third party payment enterprises from the second half of last year, and asked multiple resident branches to inspect the payment enterprises. According to the introduction, the Central bank inspection focuses on the payment of security and technical performance, business development potential.

Chabo that the current online payment industry competition has tended to be benign in the past few years, and the industry chain cooperation more closely, can create value for many parties. With the development of the industry, third-party payment platform will usher in a new round of integration process, the ultimate presence in the market companies will be in different areas with unique advantages of enterprises, each payment company will also be on the security, application and other issues of common concern to share, the creation of the industry's total win.