App

China's noncash payments rise in Q3
Updated: November 23, 2019 07:19 Xinhua

BEIJING — The amount of noncash payments in China in the third quarter of the year surged 54.8 percent year-on-year, a central bank report showed.

The amount of money involved in noncash payments, including commercial papers, bank cards and online payment vehicles, stood at 926.03 trillion yuan ($131.71 trillion) in the third quarter, according to the People's Bank of China (PBOC).

A total of 8.22 billion bank cards were in use at the end of the third quarter, up 3 percent from a quarter ago with each Chinese owning 5.89 bank cards on average.

Mobile payment registered robust growth in the third quarter, PBOC data showed, as banks transacted 86.11 trillion yuan of mobile payment, up 31.52 percent year-on-year.

Non-bank payment vehicles transacted 63.99 trillion yuan via internet payment during the period, up 23.04 percent from the third quarter last year.

Copyright© www.gov.cn | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

Without written authorization from www.gov.cn, such content shall not be republished or used in any form.

Mobile

Desktop

Copyright© www.gov.cn | Contact us

Website Identification Code bm01000001

Registration Number: 05070218