China's non-cash payments post steady growth in 2021
Source: Xinhua
The non-cash payments handled by Chinese banks maintained steady growth last year, with mobile payments sustaining growth momentum, according to a central bank report.
Non-cash payments, involving bank cards, online payment vehicles, commercial papers, credit transfer and other settlements, stood at 4,415.56 trillion yuan ($695.27 trillion) in 2021, up 10.03 percent year-on-year, the People's Bank of China said in the report.
Of the total, mobile payments hit 526.98 trillion yuan, up 21.94 percent year-on -year.
Meanwhile, online payments gained 8.25 percent year-on-year to 2,353.96 trillion yuan, the report showed.
Last year, bank card transactions climbed 12.85 percent from a year earlier to hit 1,002.1 trillion yuan, according to the report.
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