Surge in mobile payments
Print Edition
CHINESE banks saw a surge in mobile payments last year, official data showed yesterday.
Banking institutions handled 203 trillion yuan (US$32 trillion) in mobile payments in 2017, up 28.8 percent, according to the People’s Bank of China.
A total of 37.6 billion payments were made through mobile banking services in the period, an increase of 46.1 percent, the PBOC said.
China’s mobile payment sector has seen rapid development, driven by improved Internet infrastructure, increased use of mobile phones and innovation of financial services.
In 2017, bank card transactions in China rose 2.7 percent to 762 trillion yuan, while the number of bank cards in use surged 9.3 percent to 6.7 billion by the end of 2017, according to the PBOC.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
