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 | ||
Ways | Through computers or mobile phones | Mobile phones | ||
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 |