The total transactions of third-party online payment in China totaled 19.2 trillion yuan (US$2.79 trillion) in 2016 with an increase of 62.2%; the growth is slowing down but will continue to grow to 26.9 trillion yuan (US$3.91 trillion) in 2019.
This article is an excerpt from EBook – China Internet Insights 2017
Total transactions of mobile payment in China grew by over twice to 38.5 trillion yuan (US$5.59 trillion) in 2016. And, it will reach 89.8 trillion yuan (US$13.04 trillion) in 2019.
Alipay and Tenpay together accounted for close to 90% of mobile payment users.