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cailian news learned that jd.com will also officially access alipay payment, which is expected to be launched on the eve of double 11. currently, when consumers place orders on jd.com, the default payment methods are jd.com pay, union quick pass, wechat pay, etc. previously, taobao announced its access to wechat payment. taobao will subsequently sign contracts with all merchants. it is expected that the signing will be completed by the end of september and the function will be fully launched. by then, consumers can use wechat payment when shopping on taobao.

according to a report released by zhongyan puhua industrial research institute, the transaction scale of china's third-party payment business will increase from 99.27 trillion yuan in 2016 to 337.87 trillion yuan in 2022, with a compound annual growth rate (cagr) of 22.6%. it is expected to reach 2028 by 2028. the annual transaction size will reach 644 trillion yuan, and the cagr in the next five years will be approximately 13.82%. mobile payment will continue to grow rapidly and become one of the mainstream payment methods. among listed companies, the chip products of hongsi electronics, a company jointly owned by feitian integrity, are widely used in traditional fields such as finance, mobile payment, taxation and public security, transportation, electricity, and e-government. the third-party payment business development of guangzhou helibao payment technology co., ltd., a subsidiary of rendong holding company, mainly adopts a business strategy of combining self-operation and joint channel agents. the subsidiary holds a payment business license approved and issued by the people's bank of china. its business types include internet payment, mobile phone payment, and bank card acquiring business (covering the whole country), and can expand payment business nationwide.