
BEIJING, Sept. 5 -- Mobile payments are gaining popularity in China as cashless transactions take hold in the country, central bank data showed on Tuesday.
Chinese banks dealt with 8.6 billion payments from mobile services in Q2, up 40.5 percent from a year ago, the People's Bank of China said in a report.
The combined value of mobile payments jumped 33.8 percent to 39.24trillion yuan (6 trillion U.S. dollars).
Online transactions through non-bank payment platforms came in at 31.49 trillion yuan, rising 34.9 percent from the same period last year.
The rapid growth came as Chinese mobile payment giants have developed user-friendly platforms such as WeChat Pay to encourage cashless transactions. In April, Alibaba's financial affiliate Ant Financial said it planned to spend 6 billion yuan in the next two years to push forward the drive.
According to a report jointly produced by Tencent, the Chongyang Institute for Financial Studies at Renmin University of China, and French market research firm Ipsos, 84 percent of Chinese said they are "comfortable" going out with only mobile phones, no cash.
Fire brigade in Shanghai holds group wedding
Tourists enjoy ice sculptures in Datan Town, north China
Sunset scenery of Dayan Pagoda in Xi'an
Tourists have fun at scenic spot in Nanlong Town, NW China
Harbin attracts tourists by making best use of ice in winter
In pics: FIS Alpine Ski Women's World Cup Slalom
Black-necked cranes rest at reservoir in Lhunzhub County, Lhasa
China's FAST telescope will be available to foreign scientists in April
"She power" plays indispensable role in poverty alleviation
Top 10 world news events of People's Daily in 2020
Top 10 China news events of People's Daily in 2020
Top 10 media buzzwords of 2020
Year-ender:10 major tourism stories of 2020
No interference in Venezuelan issues
Biz prepares for trade spat
Broadcasting Continent
Australia wins Chinese CEOs as US loses