New payment methods for online shopping in China
Payment ways |
Alipay |
Tenpay |
Yeepay |
WeChat Pay |
Appearing time |
Dec. 2004 |
Sep. 2005 |
Aug. 2003 |
Jan. 2011 |
Companies |
Taobao |
Tencent |
Yeepay |
Tencent |
Description |
A transfer(中转)station (a third account (账户) between sellers and buyers) |
Buyers' money goes directly to the sellers |
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Ways |
Through computers or mobile phones |
Mobile phones |
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The number of cooperative banks |
over 180 |
18 |
about 100 |
11 |
The number of users |
over 0.52 billion |
over 0.2 billion |
100,000 |
over 0.8 billion |