Modern China
Plug-in to the World’s most popular payment platforms
To reach the the largest eCommerce market in the world you need a payment solution for its most popular methods.
UnionPay,AliPay and WeChatPay are three of the biggest payment providers in the world and China’s favorite way to buy goods online. But, 9-out-of-10 international retailers don’t accept either, forcing over 500m Chinese consumers to remain window shoppers rather than happy buyers.
ECOMMERCE PAYMENT PROVIDERS BY MARKET SHARE
NihaoPay Solutions
- UnionPay is China’s only domestic bank card organization and, with over 5 billion cards in circulation, it is also the world's most popular card.
- In 2014, UnionPay surpassed Visa in transaction value, with $38 of every $100 of card transactions made globally are on a UnionPay card. In 2015, over 500m UnionPay card holders are active eCommerce shoppers.
- AliPay is the world’s most popular online payment platform, created by China’s Alibaba group.
- With over 400 million monthly active users, it has twice as many users in China than PayPal does worldwide.