Home
News
- Highlight
- ACWF News
- Society
- Women in Action
People
- Inspiring Women
- Faces in the Crowd
- Newsmakers
In-depth
- Exclusives
- Spotlight
- Family
- Blending in
ACWF
- About the ACWF
- ACWF Leaders
- Functional Departments of the ACWF
- Affiliated Institutions of the ACWF
- Group Members

News / Society

China's Online Payment Users Top 900 Mln: Report

　June 16, 2022

A 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)

32.3K

Please 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. 