768 million users of Internet payment systems registered in China

The total number of users of the online payment system in China reached 768 million as of March of this year, which is 168 million more than at the end of 2018, the agency Xinhua reported on May 4. According to the report on the development of the Chinese Internet, the number of users of the online payment system in China reached 85% of the total number of Internet users in the country, which number 904 million people. The report was prepared by the China Internet Information Centre. The number of users who make Internet payments using mobile phones in China reached 765 million in March or 85.3% of the total number of mobile Internet users, which number 897 million people. In 2019, non-bank payment systems made 720 billion online payments worth 250 trillion yuan (about $35.4 trillion), which is 35.7% and 20.1% more year-on-year respectively.