GMV of mobile payment transactions in China Q3 2018-Q4 2021

Published by
Daniel Slotta,
Sep 11, 2024
In the fourth quarter of 2021, the gross merchandise volume of China's third-party mobile payments amounted to over 83 trillion yuan. The Chinese mobile payment industry was the largest and most advanced in the world. Alibaba and Tencent are the leading providers of digital payments in the country.

Gross merchandise volume of China's third-party mobile payment from 3rd quarter 2018 to 4th quarter 2021 (in trillion yuan)

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Release date

March 2022

Region

China

Survey time period

Q3 2018 to Q4 2021

Supplementary notes

One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April).

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