Mobile Payment User Numbers Surge in China

Date: 
08 Mar 2019

More than 580 million people made at least one mobile payment in China during 2018, up 10.7 percent year-on-year, the country’s official news agency Xinhua reported.

Statistics quoted from the China Internet Network Information Centre (CNNIC) said 583 million people had used mobile payments during the year, this compared with 600 million users for wider online payments.

China is widely considered to be one of the leading countries in uptake of mobile payments, with the ecosystem dominated by Ant Financial-owned Alipay and numerous brands operated by games and messaging company Tencent, including WeChat Pay.

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Type: 
General
Country: 
China