Alternative Payment Solution: Tenpay

2018-12-17
Price :
Published : Dec-2018
No. of Pages : 19

Alternative Payment Solution: Tenpay

Summary

Tenpay is the second-largest online payment platform in China, behind only Alipay. It was launched by Tencent, China’s leading internet company, in 2005. Tenpay supports online, in-app, and in-store payments in China and abroad. Tenpay users can make fund transfers to other users’ Tenpay accounts or their bank accounts. Users can also make mortgage and credit card payments, and can even invest in various financial products. Tenpay’s parent Tencent also owns popular social media platforms including QQ Messenger and WeChat, and has integrated payment services into these apps called QQ Wallet and WeChat Pay, allowing users to conduct payment transactions directly.

Tenpay accounts for 38.9% of the total third-party mobile payments market in China. It is mainly concentrated in China, although it has expanded its services to select international markets, focusing on overseas merchants where Chinese tourists are likely to shop. It partnered with German payments company Wirecard in July 2017 to launch its mobile payments service WeChat Pay across Europe, allowing Chinese tourists to make payments at European merchants. Local residents in countries like South Africa, Hong Kong, and Malaysia can also make in-store payments using WeChat Pay.

Tenpay is supported by 80 banks and financial institutions. Cross-border transactions are now supported in 40 countries and settled in 13 currencies, including pounds sterling, euros, US dollars, Australian dollars, and Japanese yen.

The report provides information and insights into alternative payment solution Tenpay including –
– Detailed insight into its business
– Comprehensive coverage of its products and services
– Comparative assessment with key alternative payment solutions
– Information on its performance, including its revenue model
– The company’s important events and milestones.

Scope

– In April 2005, Tenpay was launched by Tencent.
– In February 2016, WeChat Pay launched in Hong Kong for local residents for in-store payments.
– In August 2018, WeChat Pay launched in Malaysia for local residents, allowing them to make fund transfers and payments at physical stores.
– In November 2018, it partnered with Yandex.Checkout, to increase its acceptance network in Russia.

Reasons to buy

– Gain insights into Tenpay’s business operations and key events.
– Gain insights into its product portfolio and revenue model.
– Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.

Filed in: Banking & Finance, Insurance
Publisher : GlobalData
More Reports
Title Price Buy Now

Competitor Profile: Monzo

Competitor Profile: Monzo Summary This report provides information and insight into Monzo, including comprehensive coverage of its products and services, comparative assessment with key competitors, information on its performance and revenue model, and important events and milestones. Monzo is a provider of mobile retail and business banking services. By offering retail banking services within a banking app, it enables customers to see all their financial information in an intuitive and engaging way. Monzo partners with a number of different companies to offer a full banking experience. Scope - Monzo now boasts over 2 million customers. - The bank has raised over $350m in funding and is valued at over $1bn. - Monzo started offering business accounts from February 2019. Reasons to buy......
$350

Payments Landscape in Oman: Opportunities and Risks to 2022

Payments Landscape in Oman: Opportunities and Risks to 2022 Summary GlobalData's 'Payments Landscape in Oman: Opportunities and Risks to 2022' report provides detailed analysis of market trends in the Omani cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, credit transfers, direct debits, and cheques during the review-period (2014-18e). The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2018e-22f). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes. ......
$2750

Payments Landscape in New Zealand: Opportunities and Risks to 2022 (including Consumer Survey Insights)

Payments Landscape in New Zealand: Opportunities and Risks to 2022 (including Consumer Survey Insights) Summary GlobalData's 'Payments Landscape in New Zealand: Opportunities and Risks to 2022 (including Consumer Survey Insights)' report provides detailed analysis of market trends in New Zealand's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, credit transfers, direct debits, and cheques during the review-period (2014-18e). The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2018e-22f). It also offers information o......
$2750

Governance, Risk and Compliance – The Maltese Insurance Industry

Governance, Risk and Compliance - The Maltese Insurance Industry Summary GlobalData's 'Governance, Risk and Compliance - The Maltese Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Malta. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries. The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal syste......
$950

Strategic Market Intelligence: Life Insurance in the Philippines – Key Trends and Opportunities to 2022

Strategic Market Intelligence: Life Insurance in the Philippines - Key trends and Opportunities to 2022 Summary GlobalData's 'Strategic Market Intelligence: Life Insurance in the Philippines - Key Trends and Opportunities to 2022' report provides a detailed outlook by product category for the Philippine life insurance segment. It provides values for key performance indicators such as written premium, gross claims, total assets and total investment income during the review period (2013-2017) and forecast period (2017-2022). The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Philippine economy and demographics, and provides detailed information on the competitive landscape in the country. The report brings together GlobalData's ......
$3999

Strategic Market Intelligence: General Insurance in the Philippines – Key Trends and Opportunities to 2022

Strategic Market Intelligence: General Insurance in the Philippines - Key trends and Opportunities to 2022 Summary GlobalData's 'Strategic Market Intelligence: General Insurance in the Philippines - Key trends and Opportunities to 2022' report provides a detailed outlook by product category for the Philippine general insurance segment. It provides values for key performance indicators such as written premium, penetration, and loss ratio during the review period (2013-2017) and forecast period (2017-2022). The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Philippine economy and demographics, and provides detailed information on the competitive landscape in the country. The report brings together GlobalData's research, modeling......
$3999

Strategic Market Intelligence: Reinsurance in the Philippines – Key Trends and Opportunities to 2022

Strategic Market Intelligence: Reinsurance in the Philippines - Key trends and Opportunities to 2022 Summary GlobalData's 'Strategic Market Intelligence: Reinsurance in the Philippines - Key trends and opportunities to 2022' report provides a detailed outlook by product category for the Philippine reinsurance segment. It provides values for key performance indicators such as premium ceded, and cession rates, during the review period (2013-2017) and forecast period (2017-2022). The report gives a comprehensive overview of the Philippine economy and demographics, and provides detailed information on the competitive landscape in the country. The report brings together GlobalData's research, modeling and analysis expertise, giving reinsurers access to information on segment dynamics and co......
$3999

Competitor Profile: Scalable Capital

Competitor Profile: Scalable Capital Summary Scalable Capital is a digital investment management firm. It creates and manages globally diversified ETF portfolios for its clients to help them achieve their long-term financial goals, supported by proprietary risk management technology. Scalable Capital is available in four countries: Germany, the UK, Austria, and Switzerland. The report provides information and insight into Scalable Capital, including - - Its business and geographical presence. - Comprehensive coverage of its products and services. - A comparison against key competitors. - Information on its revenue model and market potential. - Important events and milestones. Scope - In 2016, Scalable Capital launched in Germany, the UK, and Austria. - In March 2017, Scalable Capital ......
$350

Competitor Profile: Tandem

Competitor Profile: Tandem Summary Tandem is a provider of mobile retail banking services. Its banking app enables customers to see all their financial information in an intuitive and engaging way. It currently offers a cashback Mastercard credit card, a Mastercard credit card for people with limited credit histories, and a range of fixed-term savings accounts. This report provides information and insights into Tandem, including - - Detailed insight into its business and geographical presence. - Comprehensive coverage of its products and services. - Comparative assessment with key competitors. - Information on its performance, including its revenue model. - The company's important events and milestones. Scope - In November 2015, Tandem was launched in the UK. - In August 2017, Tandem ......
$350

UK Insurance Aggregators 2019

UK Insurance Aggregators 2019 Summary "UK Insurance Aggregators 2019", report explores the ever-changing consumer purchasing behavior through price comparison sites. It identifies what is most influential to customers when selecting a policy through this channel and reveals the brand strategies of the four leading sites. Their distinct approaches to advertising are also highlighted, as well as the key factors that will influence the market over the coming years, including regulation and new technology. The percentage of consumers conducting research on price comparison websites at renewal increased in the motor and pet lines, while home and travel insurance saw declines. Motor insurance, the biggest market for aggregators, posted a rise of 4.5 percentage points. This trend was replicate......
$3450
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy