The third-party mobile payment transactions in China increased to 74.0 trillion yuan in the first quarter of 2021, a year-on-year increase of 39.1%, according to data from iResearch.
iReserarch forecasts China's third-party mobile payment market would reach 74.2 trillion yuan in the second quarter of 2021.
China's third-party mobile payment is mainly composed of three major sectors: personal applications, mobile finance, and mobile consumption. It is expected that in the second quarter of 2021, the consumer sector will see a certain percentage increase driven by 618 and other promotional activities, while the personal application sector will decline accordingly.
In the first quarter of 2021, QR code payment transactions was approximately RMB 10.6 trillion, which was slight...
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