Mobile payments in China increased 40% in 2017, almost 13 trillion dollars

Cellular payments in China have increased incredibly, to the point where payments and the carrying of cash by citizens is becoming less common.

Mobile payments in China increased by 40% only in 2017, reaching record of 81 trillion yuan (almost 13 trillion dollars).

Chinese citizens increasingly get used to paying all kinds of purchase with their cell phones, from the fuel of the vehicle to the vehicle itself.

There is more than 724 million mobile phone users in China, and more than 35% of them prefer to use mobile payment, while 31.8% use credit cards.

The Alibaba, Alipay and Tencent companies dominate the electronic payment market in China. Chinese citizens only scan a code with their cell phones and in seconds they make any kind of payment.

WOULD YOU LIKE THAT MOBILE PAYMENT IS IMPLEMENTED IN YOUR COUNTRY?