BUSINESS More senior Chinese use mobile payment overseas: Alipay

BUSINESS

More senior Chinese use mobile payment overseas: Alipay

Xinhua

22:52, October 07, 2018

HANGZHOU, Oct. 7 (Xinhua) - More senior Chinese citizens are using mobile payment in overseas consumption, according to statistics released by leading Chinese online payment platform Alipay.

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(File photo)

The number of those born in the 1960s using mobile payment overseas was more than 90 percent higher during this year's National Day holiday, the highest growth among all age groups, according to Alipay.

Chinese tourists use mobile payment more frequently when traveling abroad, according to the figures released Sunday by Alipay.

Chinese tourists are increasingly getting used to shopping via mobile payment overseas, said Janice Chen, with Alipay.

China's mobile payments continued fast growth in the second quarter of 2018, the central bank data showed.

The country's banks processed 14.92 billion mobile payment transactions in Q2, up 73 percent year on year, according to the People's Bank of China.

The value of these transactions totalled 62.88 trillion yuan ($9.16 trillion), up 60 percent year on year. 

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