Mobile payments finding increasing acceptance with smaller enterprises

China's mom-and-pop shops and street stands are adopting mobile payment at a pace comparable to their bulkier counterparts, according to a latest report released by popular mobile wallet WeChat Pay.

During the weeklong National Holiday that ended on Oct 7, mom-and-pop stores saw the number of transactions settled through WeChat Pay jump by 26 percent year-on-year, the payment service provider said on Tuesday.

The biggest daily hike fell on Oct 2, when 50 million smaller merchants accepting WeChat Pay experienced 30 percent transaction growth from the same date last year.