China's Online Payment Users Top 900 Mln: Report
Time:2024-04-30 03:40:46 Source:styleViews(143)
- Home
- News
- People
- In-depth
- ACWF
China's Online Payment Users Top 900 Mln: Report
June 16, 2022A volunteer helps seniors use an online payment APP at a community in Fengtai District, Beijing, capital of China, Nov. 12, 2021. [Xinhua/Li Xin] |
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.
Comments
Magazines
Projects
- 2023 Women Science and Technology Innovation Pioneer...
Photos
- People Enjoy Blooming Tulips in Jinan, East...
- Flowers Bloom Across China in Spring
Special Coverage
Previous:Williamson to lead New Zealand at the Twenty20 World Cup; Southee to make his 7th appearance
Next:Algeria hosts 23rd 'Chinese Bridge' language competition for university students
You may also like
- DPRK successfully test
- Pictured: First
- 100 dead, 211 missing after powerful quakes jolt Japan
- Westfield Bondi Junction incident live updates: Heartbreak as mother of nine
- Egyptian, Chinese students mark UN Chinese Language Day in Cairo
- Lawsuits, protests call on U.S. gov't to halt support for Israel
- Syria condemns U.S. air raids, vows to continue war on terrorism
- Lawsuits, protests call on U.S. gov't to halt support for Israel
- Chinese business group 'shocked, dissatisfied' over EU raids on Chinese company