Report: 2017 Mobile Payment Usage in China

Report: 2017 Mobile Payment Usage in China — Tencent Research Institute — “Chinese consumers spent US$5.5tn via mobile payment platforms last year, about 50 times more than their American counterparts… 74% of people stated that they can live for more than a month with only 100 RMB (US$14.94) in cash. 84% people reported that they could accept a totally cashless life.”

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