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  1. infoseeker
    4,078 Posts.
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    26/07/15
    13:43
    Post #: 15695338
    'In fact, only a few of third-party payment service providers have managed to stay profitable and work out strategies for sustainable development. The top 10 providers, including Alipay, UnionPay, Tenpay, and YeePay, together account for nearly 87.1% of the third-party payment market, with the remaining 102 other firms sharing the remaining 12.89%. Internet finance is emerging mainly because the traditional banking industry neglected online payment services, said Xiao Sa, a partner at the Beijing-based Dacheng Law Offices.'...

    http://www.thepaypers.com/online-payments/pboc-to-issue-new-third-party-payment-licenses/760728-3

    Cheers
    SMA Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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