In China, a total of 257.99 billion non-cash payment transactions were processed with a total amount of 925.46 trillion yuan (US$134.91T) in Q3 2018, an increase of 33.31% and 0.18% year-on-year, respectively, according to the report from the People's Bank of China.
Among that, e-payment transactions processed via banking institutions reached 45.24 billion with an amount of 592.43 trillion yuan (US$86.36T).
To be specific, 14.89 billion transactions were from online payment with an amount of 495.24 trillion yuan (US$72.19T), an increase of 23.21% and 12.58% year-on-year, respectively. 16.94 billion transactions were from mobile payment with an amount of 65.48 trillion yuan (US$9.55T), an increase of 74.19% and 32.91% year-on-year, respectively.
Non-bank payment institutions handled a total of 139.54 billion transactions with an amount of 52.01 trillion yuan (US$7.58T), an increase of 79.29% and 33.42% year-on-year, respectively.
A total of 57 billion transactions we...
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