Home > News

Wuxi among China's highest spenders on mobile payment platforms

Updated : 2017-01-12
(chinadaily.com.cn)

Residents in Wuxi, Jiangsu province are some of China's biggest spenders on Alipay, the leading third-party payment platform, with the average Alipay user in the city spending more than 100,000 yuan ($14,400) via the service in 2016.

People in Jiangsu province are among the most prolific users of Alipay, with users in Wuxi, Nanjing, Suzhou and Changzhou all spending more than 100,000 yuan on average last year, according to the data released by Ant Financial, the company that runs Alipay, on Jan 4.

Jiangsu was also the third highest spending province in terms of total transaction volume, behind only South China's Guangdong province and Jiangsu’s neighboring Zhejiang province.

Users in Shanghai spent the most on average, spending 148,000 yuan in 2016, 1.5 times more than in 2015.

More and more people in Wuxi, especially younger residents, are embracing mobile payment as a lifestyle choice, with many young people often relying exclusively on their smartphones to make everyday purchases.

Ant Financial's data underlines that mobile payment is becoming increasingly popular. In 2016, about 71 percent of all transactions conducted via Alipay went through mobile devices, up from 65 percent the previous year.

"Chinese payment tools have become an essential part of consumers' day-to-day lifestyle," said Yang Yaqiong, senior IT analyst at consultancy Analysys.

Wuxi among China's highest spenders on mobile payment platforms

Statistics released by Alibaba Group shows its transaction volume last year. [Photo by Liu Lunan / China Daily]

8.03K
Videos
 

Artist in his 90s tries hand on earthen 'zisha' teapots

Workers pick tea leaves at tea plantation in Hongshawan

Breathtaking night scene of cherry blossoms in Wuxi

Cherry blossoms add to tranquil beauty of Wuxi

News
Specials
Sports
Videos
Photos
Business
Policies
Industries
Development Zones
Enterprises
Biz Updates
Travel
Maps
Attractions
Dining
Accommodation
Specialties
Shopping
Entertainment
Transportation
Culture
Heritage
Museums
Events
In focus
Services
Visa
Marriage
Healthcare
Jobs
Education
Useful Info
About
Overview
Districts
Statistics
Government Officials
Sister Cities
E-books
Copyright © 2017 China Daily. All rights reserved.
Sponsored by Wuxi Municipal Party Committee Information Office.
Presented by China Daily.
备案号:苏ICP备14054684号-2