Best transaction bank for payments services 2019
China Construction Bank
CCB’s enterprise-level aggregate payment platform was launched in September 2017.
The platform gives merchants a wide range of invoice collection tools that easily connect to China’s main social media apps, such as WeChat, Alipay and UnionPay, as well as multiple other payment methods.
CCB, led by chairman Tian Guoli, has more than three million corporate clients, as of the end of the year, achieving a transaction volume of more than Rmb300 billion ($43 billion) and covering payments in a wide range of industries.
When Alibaba’s Tmall held its National Day celebrations, CCB’s payment transactions peaked at 21,751 per second; total network payment transactions amounted to Rmb64 billion, accounting for nearly 30% of Tmall’s total transaction volume on that day.
CCB provides clients with an internet platform that caters to all enterprises, whether they sell direct to retail customers or to other businesses.