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 |
Safety lapses contributed to patient assaults at Oregon State Hospital, federal report saysZebra remains on the loose in Washington state as officials close trailheads to keep people awaySafety lapses contributed to patient assaults at Oregon State Hospital, federal report saysZebra remains on the loose in Washington state as officials close trailheads to keep people awayLuis Garcia Jr. hits pinch, 3JASON GROVES: Rishi Sunak has survivedJordan Spieth got elbowed back in the fairway, but missed cut at hometown NelsonDodgers twoNew Jersey deadbeat dad Christopher Gregor is seen in hospital carrying limp body of sixMiami Dolphins agree to sign Odell Beckham Jr., AP source says