2020 China’s Third-party Payment Industry Report

Source:iResearch June 30,20204:21 PM

Definition and Differences Between Industrial Payment and Personal Payment

Industrial payment is a payment business model that payment institutions provide enterprises of different sizes and industries with industrial solutions integrating payment, financial management, capital management, and marketing services.

Industrial payment and personal payment are different in many aspects such as service targets, service content, payment products, and key capabilities required for business development. The specific differences are shown in the table below. The essential differences of the businesses result in different competitive landscapes in the industrial payment and personal payment markets. While the personal payment market is oligarchic and reaching saturation, the industrial payment market still has room for development.

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