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    News in brief

    PBoC reports on China mobile payments market

    News in brief

    The number of mobile payments made in China have grown 10% year on year since 2013, according to the People’s Bank of China (PBoC). Its data shows that, during the second quarter of 2016, banks handled 32.32bn electronic payment transactions worth 570.95tn yuan (US$84.2tn), including 6.14bn mobile payment transactions worth 29.32tn yuan (US$900bn). Meanwhile non-bank payment institutions handled 37.71bn online payment transactions worth 23.35tn yuan (US$3.4tn), up 111% year on year.

    Filed by Email Christopher Brown nfcworld.com Published • Last updated 28 October 2016, 11:21

    • Nomnom

      What is the exact title of the publication, in which these statistics were published?

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