A flight attendant collects payment by Alipay on a flight bound for Helsinki from Beijing. A report by CapGemini and BNP Paribas predicts that China will become the world’s top market for digital payments by 2020. Photo: Xinhua

China to overtake US as top market for digital payments by 2020, report says

Growth in digital transactions in China to reach 36 per cent over the next five years thanks to surging popularity, with the untapped rural markets also pushing up growth rates, report by Capgemini and BNP Paribas says

Topic |   Mobile payments

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A flight attendant collects payment by Alipay on a flight bound for Helsinki from Beijing. A report by CapGemini and BNP Paribas predicts that China will become the world’s top market for digital payments by 2020. Photo: Xinhua
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Laura He

Laura He

Before joining the Post, Laura worked for MarketWatch and The Wall Street Journal Digital Network in San Francisco and Hong Kong. She has also worked for Forbes in San Francisco and had stints at Xinhua News Agency as economics editor, anchor and financial correspondent in both Beijing and Hong Kong. She has an MA degree in digital journalism from Stanford University and passed CFA exams.