Analysys: China’s third-party Internet payment transaction to reach USD6.3 trillion by 2015

Analysys International, a provider of information product, service and solution in China Internet market expected China’s third-party Internet payment scale will reach CNY13.920 trillion (US$6.3 trillion) by 2015, China Tech News reported. The report said the increasing number of e-commerce merchants and the development of emerging markets such as insurance and cross-border payment contribute the growth of third-party payment market.

by Alice Lee