China reports mobile payments surge in Q4 2019
Xinhua
1584941914000

BEIJING -- China's mobile payments registered a robust growth in the fourth quarter of 2019, data from the central bank showed.

5e782a35a31012820660ab76.jpeg

A consumer scans an Alipay QR code to pay for the order at a self-service restaurant in Hangzhou, Zhejiang province. (Photo: Xinhua)

Banks in the country processed 30.73 billion mobile payment transactions in the period, up 73.56 percent year on year, said the People's Bank of China in a report.

Value of these transactions increased by 21.34 percent from the same period of last year to 94.92 trillion yuan (about $13.36 trillion).

Meanwhile, online payment transactions by the non-banking institutions were valued at 529.73 trillion yuan in Q4, up 4.3 percent year on year.