Total transactions on WeChat Pay reached 1.24 billion during the Lunar New Year holiday from Feb 4 to 9, according to data released by the Tencent-owned mobile payment system.
Middle-aged Chinese travellers were the country’s biggest spenders abroad during the recent Lunar New Year holiday, as these older tourists led the use of mobile payments to go shopping overseas, according to an Alipay study.
That finding, drawn from the more than 40 markets where Alipay is accepted, covered two groups who used the popular mobile payments platform: those born in the period 1960 to 1969 and 1970 to 1979.
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