Digital payments in China - statistics & facts
While many countries still struggled to promote mobile payments in response to the COVID-19 pandemic, China was already leading the rest of the world in building up a cashless society. The country was leading in user numbers and penetration rates and more than half of the Chinese population uses mobile payments each quarter. Over the years, Alipay and WeChat Pay have ruled the online payment market in China. The country's vibrant FinTech industry also brought about a flourishing e-commerce sector.
