500 million Chinese people pay with their mobile

In 2017, there was an increase of 57.83 million mobile payment service users, 12.3% more, according to the China Internet Society in the report.

The number the total number of users of online payments reached 531 million at the end of last year, accounting for an increase of 11.9% year-on-year.

The volume of online shopping transactions reached 7.2 trillion yuan ($ 1.1 trillion) in 2017, an increase of 32.2% over 2016.

growth occurred in the context of the expansion of the group of Internet users, especially those who access the Internet for

At the end of last year , there were 772 million Internet users in China and 97.5% were mobile Internet users, according to the report.

Mobile Payments Growth in China China is driven by better internet infrastructure and innovation.

China has the largest 4G network in the world and continues to strive for expansion, with the goal of building 450,000 new 4G base stations this year to improve signal coverage in the world. buildings, elevators and other interior spaces, as well as on trains and highways.

Apart from online shopping, mobile payment has been extended to stores and restaurants and is already used to pay for almost everything, making China the largest mobile payments market in the world.