The number of online payment users in China exceeded 854 million as of December 31, 2020, according to a CNNIC report, accounting for over 86% of internet users.
Mobile online payment users grew to 852.52 million in 2020, representing 86.5% of mobile internet users.
Third-party Payment Market
China’s third-party mobile payment market grew by 8.8% to 59.8 trillion yuan in the second quarter of 2020, according to data from iResearch.
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 online payment totaled 5.4 trillion yuan in Q2 2020, up 2% QoQ.
Mobile consumption increased to 20.7% of total mobile payment in Q2 202...
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