Contact Us
China's Online Payment Users Top 900 Mln: ReportJune 16, 2022
BEIJING, June 15 (Xinhua) — The number of online payment users in China amounted to 904 million at the end of 2021, a report said Wednesday. The figure accounted for 87.6 percent of the country's total netizens and was up by nearly 50 million from a year ago, according to the Payment & Clearing Association of China. China's cashless and cardless trend continues to grow, covering an increasing number of scenarios from ordering food to paying bus fare. Chinese banks handled 102.28 billion such transactions with a combined value of 2,353.96 trillion yuan (about 350 trillion U.S. dollars) last year, 5.32 times and 2.86 times that of 2012, respectively. As competition deepens, the sector's market concentration declined last year, according to the association's deputy secretary-general Wang Suzhen. The top 10 banks in online payment contributed 83.75 percent of the total online payment volume of the association's bank members in 2021, down 7.63 percentage points year on year, and the 10 largest payment institutions saw their share down slightly by 0.48 percentage points to 96.25 percent.
(Source: Xinhua) 32.3KPlease understand that womenofchina.cn,a non-profit, information-communication website, cannot reach every writer before using articles and images. For copyright issues, please contact us by emailing: [email protected]. The articles published and opinions expressed on this website represent the opinions of writers and are not necessarily shared by womenofchina.cn. CommentsMagazinesProjects
Photos
Special Coverage |
At least 40 killed as dam bursts in Kenya amid heavy downpourSoccer jersey dispute between Algeria and Morocco clubs over Western Sahara goes to sports courtIran condemns sanctions by US, Britain, CanadaWest Indies cricketer Devon Thomas banned for 5 years for match fixingOklahoma teen Noah Presgrove's cause of death is revealedWest Indies cricketer Devon Thomas banned for 5 years for match fixingAI data training supported by domestic chips, supercomputersFrat boys at UNC Chapel Hill surround American flag in protection as pro Palestine mob runs wildChina expresses grave concerns over Japan's planned export controlsChinese shipbuilding enterprise to build 18 ultra