By March 2020, the number of online payment users in China has reached 768 million, an increase of 168 million over the end of 2018, accounting for 85.0% of the total Internet users.
The number of mobile online payment users has reached 765 million, an increase of 182 million over the end of 2018, accounting for 85.3% of mobile Internet users according to CNNIC.
China's third-party mobile payment market grew by 2.3% to 56.7 trillion yuan in the first quarter of 2020, according to data from iResearch.
Mobile consumption dropped to 17.7% of total mobile payment in Q1 2020 due to the large-scale decline of offline QR code payment while the proportions of personal application and mobile finance both increased slightly.
It is estimated that the transaction scale of offline ...
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