China is expected to have more than 1 Billion internet users by 2022 that means more than 70% internet penetration rate.
The online retail sales generated through E-commerce business in China reached $2 Trillion by 2022 and expected to cross $3.5 Trillion by 2025.
China is the leading E-commerce market in terms of revenue and cover-up approx 35% of the total E-commerce market around the world.
Alibaba group’s – Taobao & Tmall | JD are the biggest E-commerce players in China following by Amazon.
Usage of mobile and the rise of online selling platforms & marketplaces in China are the major factors that play a vital role in the rise of E-commerce in China.
If we talk about the payment methods then the local payment methods like Alipay | Wechat | Union Pay are the most used online payment methods used by the Chinese.
So let’s look at the best E-commerce payment gateways in China and don’t forget to checkout the MDR | Payout timings and Payment methods before moving with any of them.
“Go Big or Go Home. Otherwise you are wasting your Youth.“Jack Ma(Founder of Alibaba Group)
Top 15+ Best Chinese payment gateways in China
- WeChat Pay(Ten pay)
- Razer Merchant Services
- Paymetric(Now Worldpay)
China is a great place to start your E-commerce business without keeping in mind the second thought.
Whether you are an individual | Entrepreneur – the above mentioned best E-commerce payment gateways in China will provide your clients with the ease of payment options and will help you to lift up your eCommerce business.