Here’s how many mobile payments Chinese users made per day in 2020

People born after 1995 are a major force frequently using this means of payment

mobile payments Chinese

Here’s how many mobile payments Chinese users made per day in 2020. Source: unsplash.com

According to En.People.Cn, 98% of Chinese consumers consider mobile payments as their most often used payment methods in 2020, up 5% from 2019.

Indeed, 85% carried out a payment through scanning a QR code which is 6% higher than the same period in 2019.

The data revealed that Chinese consumers on average made 3 mobile payments each day last year, said the report.

Mobile payments are convenient. User habits, merchant discounts, and sales promotion activities have also contributed to the deep penetration of mobile payments
Wang Yu, a senior executive of the risk control department with China UnionPay

He said that due to COVID-19, mobile payments thrived in online shopping scenarios such as live-streaming e-commerce. In fact, 30% of the respondents said they would often buy things during live-stream shows.

98% of people surveyed believe mobile payments are secure, while only 28% think they did a good job in protecting themselves against security risks when making a payment.

We’ve reported that biometrics including iris, facial, fingerprint, and facial recognition have become vital in offering outstanding app experiences.

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