Mobile payment soars in China


On the rise: A woman making purchases by scanning codes using her smartphone at a fruit stall in a market in Beijing. China’s gross merchandise value of third-party mobile payment rose more than 200 to 38 trillion yuan in 2016 from a year earlier. — AFP

BEIJING: Yang Qianqian holds out her smartphone to scan a barcode on the mobile of a vendor selling fresh fruit and vegetables at a bustling outdoor market in Beijing.

The dance student is part of an explosion in the use of mobile payment platforms in China as consumers increasingly take out phones instead of cash to pay for everything from a coffee to a language class or a gas bill.

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Business , cash , china , mobile , payment , smartphone ,

   

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