In China, a total of 53.358 billion non-cash payment transactions were processed with a total amount of 951.72 trillion yuan (US$137.52T) in Q2 2018, an increase of 44.61% QoQ and 0.2% year-on-year, according to the report from the People's Bank of China.
Among that, e-payment transactions processed via bank institutions reached 43.77 billion with an amount of 584.99 trillion yuan (US$84.53T).
To be specific, 13.87 billion transactions were from online payment with an amount of 487.39 trillion yuan (US$70.43T), an increase of 17.78% and 2.96% year-on-year, respectively. 14.92 billion transactions were from mobile payment with an amount of 62.88 trillion yuan (US$9.09T), an increase of 73.09% and 60.24% year-on-year, respectively.
Non-bank payment institutions handled a tot...
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