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Home > Business/Finance > Financial Services > Electronic Transactions
Online Payment in China: Transitioning from Cash to E-Commerce Solutions
Over twenty years after the first credit card was launched in China, and six years since the Chinese banks were unified in under a nationwide network, online payments is finally starting to catch on in China. Home to what are already one of the largest online populations in the world, at over 220 million users, China is a market ripe with potential for online payment services, but for those interested in entering the market, a number of unique challenges remain.
In this report, we highlight the potential for online payment in China as well as the potential pitfalls and challenges that you will encounter. We also examine the brief history of, the current state of, and the future development of online payments in China. Lastly, we have also identified and profiled the key Chinese companies to look out for in the market today.
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