According to the least data released by China Central Bank, e-payment business kept rapid development and mobile payment experienced great increase in Q2 2015 in China . The total value of mobile payment reached $4.19 trillion with an increase of 445.14% from the same period last year.
In Q2 2015, banks in China had 24.976 billion e-payment transaction volume, which valued $92.99 trillion. Online payment had 10.398 billion transaction volume which valued $72.66 trillion with an increase of 44.57% YoY, while phone payment transaction volume reached $0.477 trillion with an increase of 191.78% YoY in Q2 2015.
In Q2 2015, non-bank agencies had online payment transaction volume of 20.66 billion, valued at $1.73 trillion with an increase of 107.75% YoY.。
Electronic Commercial Draft System had rapid development in Q2 2015. The commercial draft business had transaction volume 305.7 thousand which valued $227.8 billion with an increase of 102.93%.
Bill business had dropped a lot in Q2 2015. The total transaction volume was 104 million valuing $9.31 trillion with a decrease of 11.7% YoY.