Transaction value of China’s 3rd Party Online Payment market reaches 758.3 billion RMB
According to Eguan, a China-based consulting company, the total transaction value of China’s 3rd Party Online Payment market reached 758.3 billion RMB in the first quarter of 2012.
The quarterly growth rate declined because of seasonal factors and the influence of the holiday – especially because online shopping and air travel which accounts for the largest part of the total online payment market; both declined rapidly in the first quarter.
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