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07:28, 09-Oct-2018
More senior Chinese using mobile payments overseas: Alipay
Updated
07:14, 12-Oct-2018
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More senior Chinese citizens are using mobile payments while traveling overseas, according to statistics released by leading Chinese online payment platform Alipay.
The number of those born in the 1960s using mobile payment overseas was more than 90 percent higher during this year's National Day holiday, the highest growth among all age groups, according to Alipay.
China's mobile payments continued fast growth in the second quarter of 2018, the central bank data showed.
The country's banks processed 14.92 billion mobile payment transactions in Q2, up 73 percent year-on-year, according to the People's Bank of China.
The value of these transactions totaled 62.88 trillion yuan (9.16 trillion US dollars), up 60 percent year-on-year.
Source(s): Xinhua News Agency