Online bank users rise to over 900m in China
Print Edition
THE number of China’s online and mobile banking users surged to over 900 million last year as banks embrace digital technology to offer better user experience for internet financial transactions, the China Banking Association said yesterday.
Online banking users rose 19.7 percent in 2014 from a year ago to 909 million, while mobile banking users jumped 30.5 percent to 668 million, the association’s data showed.
By transaction value, deals made through websites totaled 1,248.9 trillion yuan (US$199 trillion), up 17 percent annually, and those made via mobile phone applications more than doubled to 31.74 trillion yuan.
“Banks have used modern technology to upgrade services, and the combination between the Internet and finance has offered a new experience for consumers,” said Yang Zaiping, deputy head of the association.
The association said 292 million dealings worth 107.3 billion yuan were made via the WeChat app last year. The value surged over 161 times of that in 2013.
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