Latest News
Mobile payment scale rises in 3rd quarter: report
Last Updated: 2018-01-01 00:00 | Xinhua
 Save  Print   E-mail

The scale of mobile payment in China exceeded 29 trillion yuan (4.5 trillion U.S. dollars) in the third quarter of 2017, a report indicated.

According to the report released by internet research agency Analysys, the amount is a quarter-on-quarter increase of 28.02 percent.

Sectors such as e-commerce, food delivery services and travel saw steady growth, and mobile payment is becoming increasingly popular in smaller cities. In addition, mobile payment in public transportation also contributed to the high-speed growth, according to the agency.

Meanwhile, the total payment value via the internet rose 8.59 percent quarter on quarter to about 6.4 trillion yuan in the third quarter.

E-commerce powerhouses like Alibaba and saw steady growth. The number of new users on their peer-to-peer lending, games and education platforms experienced growth, which contributed to internet payment growth, the report said.

Share to 
Related Articles:
Most Popular
Chinese | BIG5 | Deutsch
Xinhuanet | | People's Daily Online | | CNTV | | Global Times | | China Youth International | Visit Beijing |
About | About the Economic Daily | Contact us
Copyright 2003-2015 China Economic Net. All right reserved