China Mobile Payment Gains Fueled by Pandemic

Mobile payment transaction numbers in China grew in 2020 as people looked to reduce contact to limit the spread of COVID-19 (coronavirus), research by China UnionPay found.

The annual survey on mobile payments showed 98 percent of respondents indicated mobile was their most commonly used payment method, up 5 percentage points from 2019. Some 85 percent of users said they regularly pay by QR code, an increase of 6 percentage points.