Monday, August 18, 2008

Ali-pay joined the telecommunications market

This IT news is provided from the SK Holdings Company Ltd

Ali-pay entered the telecommunications market, reflecting the service capacity of the third-party payment platform has been growing to all sectors of the outside market.

A few days ago, pay-bao (China) Network Technology Co., Ltd. (hereinafter referred to as "pay-") and Xuzhou branch of China Netcom (hereinafter referred to as "Xuzhou Netcom") sign a cooperation agreement, the future of Xuzhou Netcom users will be able to pay through the payment of all-platform Netcom costs.

Xuzhou Netcom the first online payment platform

Netcom said, the choice of online payment methods available to pay a process optimization, which is also in Jiangsu Province for the opening of the telecommunications industry of electronic payment systems to serve as "experimental field."

Xuzhou Netcom the relevant responsible person told the "communications industry" Reporter: "pay-for users, provides a more convenient and efficient payment platform for Netcom Corporation, provides real-time receiving cash extraction, and other functions To facilitate the management of the funds. "

"We will constantly improve the payment platform, the spending habits of the user training, pay-to improve the admissibility of business." Xuzhou Netcom said.

Xuzhou the work of the Office of local business people, told reporters, telecommunications fees charged issue has been a headache questions: for example, calls the collection of solid, often spend a lot of manpower.

Pay-opened the telecommunications industry to pay bottleneck

Now, with B2B, B2C, C2C industry and the rapid development of the user base has grown, the online payment network of consumer groups has become an indispensable mode of payment. Research data show that in 2008 the second quarter of China's third-party online payment transactions scale ring up 20.3 percent to 57.5 billion yuan, with the same period last year of 173.8 percent compared to achieve high growth. Quarterly data from the continuous changes in trends, third-party online payment transactions for the quarter, the growth rate gradually become stable and in-depth expansion of market access.

Analysis of the industry, at present, pay-already has a set of fairly complete on-line payment system, and Netcom Internet user groups in this network is the application of customary anastomosis. Paid-in fact opened up a new market - the telecommunications industry of electronic payment market.

Tariff Cut 700 billion telecommunications market

In fact, until 2007, the only domestic carrier China Mobile, China Unicom, China Telecom and China Netcom's total revenue exceeded 700 billion yuan, but such a huge revenue through the line of the basic form of payment, For a considerable inconvenience to users.

Ali- Pay customers to communicate with the public, senior manager Kong and Africa in the "communications industry" an interview with this reporter said: "The telecommunications industry and civil aviation industries on a totally different industries, different industries, we are providing the personality Of the solution. "


Ali-pay Company executive director Shao Xiaofeng said that Ali-pay entered the telecommunications market, reflecting from the side that the service capacity of the third-party payment platform has been growing to all sectors of the outside market .

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