It is learned that China UnionPay has made an important strategic adjustment, i.e. the online payment business promotion will be one of the priorities of this year’s jobs, and 2700 million in China's Internet online payment market is coming out.

It is reported that under the assistance and help of parent company, the subsidiary CHINAPAY (CHINAPAY Electronic Payment service co., ltd) who is specializing in online payment service is carrying out promotional act ivies in the key area of the whole Country. Last week, a product promotion and recommendation meeting was held in Beijing, and Dangdang, Netease, Wangfujing Department Store and Air China and other business representative more than 30 participated.

China's online payment market is dramatically growing. According to statistics of IResearch , last year the market capability was 274.3 billion yuan, an increase of 181%.comparing with last year . Non-governmental third-party payment card like Alipay, Caifutong and so on, have provided payment service between customers and sellers which enables customers using many kinds of bank cards to buy online and and they play a role of “online China unionpay”

Although China UnionsPay has exclusively operated the Interconnection among all bank cards service offline, however the online payment operation is silent for a long time .CHINAPAY was established in 2002 and has been low-key operated. The companies have admitted that in terms of market share of the current third-party payments business, "boss" is the payment of Alipay, the second one is Caifutong and the third is CHINAPAY. Many well-known merchants such as Dangdang, Jingdong Mall and JOYO of Amazon etc. currently do not have the online payment access interface of China UnionPay.

The vice president of Marketing Department, Fang Jianguo publicly expressed that CHINAPAY wants to the “national team” in the area of online payment. In fact, CHINAPAY the literal translation of the English name is "China  payment", so its goal of market in online payment service is obvious. At present, China UinonPay has branches in all the key provinces and cities of China, and has established partnership in 61 overseas countries, which are the advantages of CHINAPAY. For the brand, most of the bank card in china have the China uinionpay logo on the cards, and some merchants directly take the China unionpay as a high degree of banking credit institutions.

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