According to data from CCID Consulting, China UnionPay Merchant Services has ranked first with a market share of 46.3 percent, followed by Alipay with 17.8 percent and China Payment and Remittance Service with 6.2 percent.
The same source points out that bank point-of-sale businesses and online payment businesses are the two biggest sections in the third-party payment sector, accounting for 97.39 percent of all transactions during the period under review.
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