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China's Noncash Payments Soar in Q2

Source:Xinhua Published:2021-09-14 17:25

The Noncash payments handled by Chinese banks maintained steady expansion in the second quarter, with mobile payments sustaining growth momentum, the central bank said.

Noncash payments, involving bank cards, online payment vehicles, commercial papers, credit transfer and other settlements, totaled 1,080.82 trillion yuan ($167.05 trillion) in the second quarter, up 6.25 percent year-on-year, according to the People's Bank of China.

Of the total, mobile payments sustained an upward trend to 117.13 trillion yuan, up 10.32 percent year-on-year.

The bank card transactions hit 240.25 trillion yuan in the second quarter, up 9.66 percent year-on-year.

China had 13.12 billion bank accounts at the end of June, up 2.05 percent from the previous quarter.

Editor:Zhao Hanqing