Cash withdrawals fall as mobile payment rises
Print Edition
CASH withdrawals using bank cards fell in volume for the first time in China, as the country enters a cashless society with mobile payments growing in popularity.
About 65.5 trillion yuan (US$9.5 trillion) was withdrawn using bank cards last year, down 10.46 percent year on year, a report from the Payment & Clearing Association of China showed yesterday.
The growth rate of payment via bank cards has fallen for three consecutive years, due to sluggish growth of large-volume transactions and increasing use of mobile payments, such as paying by screening a barcode, said Wang Suzhen, deputy secretary of the association.
Meanwhile, online payment grew fast, with non-banking payment platforms seeing their business volume more than double in 2016.
Chinese also tend to use mobile terminals more than computers to pay online, the report showed.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
