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China Daily | Updated: 2017-10-27 07:41
Govt and policies
China leads in digital payment
China is leading its Asia-Pacific peers in digital payment, according to a report from US-based electronic payment platform PayPal. Released on Wednesday, the report said that the total transaction value of mobile payment platforms in China reached $5.5 trillion in 2016, much higher than other Asia-Pacific countries. The report also surveyed 4,000 customers and 1,400 merchants in the region, among them 750 customers and 200 merchants from China. Of Chinese customers, 86 percent use digital payment, higher than the Asian average of 58 percent.
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