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China

Chinese Yuan (CNY)

China is one of the world’s leaders when it comes to digital payments, with 275 billion electronic payment transactions being processed in 2021. The mobile payment revolution, and the shift away from cash, are in large part due to the prevalence of Alipay and WeChat Pay, which account for 90% of the $17 trillion digital payments ecosystem.

Republic of China flag

Population

1,425,671,352

Banked Population:

88.71%

Group 427321246

Main industries

Copper, Construction, Online Shopping, and Real Estate

Group 427321247

Main imports

Crude Petroleum, Integrated Circuits, Iron Ore, Cars, and Soybeans

Group 427321248

Main exports

Broadcasting Equipment, Computers, Integrated Circuits, Office Machine Parts, and Cloth Articles

GDP stats

$12,556.3

per capita (USD)

8.1%

Growth Annually

2

World ranking

Internet usage

73%

Smartphone usage

66%

Credit / Debit card usage

68%

Population transacting electronically

68%

Group 427321245 1

Total volume of digital payments projected to reach

$3,851.00B (USD)

Payment Methods in People’s Republic of China

All
  • All Methods
  • eWallet
  • P2P

Alipay QR

eWallet

P2P

e CNY

eWallet

Alipay QR

eWallet

Alipay Transfer

eWallet

e CNY

eWallet

EWALLET

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