Top News
China's mobile payments continue fast growth in Q1
Last Updated: 2019-07-06 15:10 | Xinhua
 Save  Print   E-mail

China's mobile payments continued rapid growth in the first quarter, central bank data showed.

Banks and financial institutions dealt with 19.69 billion mobile payment transactions valuing 86.62 trillion yuan (12.6 trillion U.S. dollars) in the first three months, the People's Bank of China said in an online statement.

The number of transactions surged by 79.6 percent year on year while the value marked a 22.32-percent rise, the statement said.

The number of online payment transactions surged 34.59 percent year on year to 16.29 billion while the value dipped 2.06 percent to 622.68 trillion yuan, the data showed.

China is the world's largest mobile payment service market, with both tech and financial giants promoting their own tools to facilitate easier payments for daily shopping, dining and commuting.

Share to 
Related Articles:
  • Sports
  • Soccer
  • Basketball
  • Tennis
  • Formula One
  • Athletics
  • Others
  • Entertainment
  • Celebrity
  • Movie & TV
  • Music
  • Theater & Arts
  • Fashion
  • Beauty Pageant
About | About the Economic Daily | Contact us
Copyright 2003-2015 China Economic Net. All right reserved
China's mobile payments continue fast growth in Q1
Source:Xinhua | 2019-07-06 15:10
Share to