A woman scans an Alipay QR code to make a payment via her smartphone at a market in China. Annual mobile payment transactions in China are poised to grow further as many consumers and businesses in more than 600,000 villages across the country adopt cashless transactions. Photo: EPA

China’s village people fast to adopt mobile payments

The mainland market for mobile payment transactions, which reached US$5.5 trillion in 2016, is poised for further expansion as many consumers and businesses go cashless in more than 600,000 villages across the country.

Topic |   Mobile payments

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A woman scans an Alipay QR code to make a payment via her smartphone at a market in China. Annual mobile payment transactions in China are poised to grow further as many consumers and businesses in more than 600,000 villages across the country adopt cashless transactions. Photo: EPA
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