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

Published by
Daniel Slotta
,
Jul 11, 2025
In the fourth quarter of 2021, the gross merchandise volume of China's third-party mobile payments amounted to over
**
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.
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Gross merchandise volume of China's third-party mobile payment from 3rd quarter 2018 to 4th quarter 2021 (in trillion yuan)

CharacteristicGross merchandise volume in trillion yuan
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Statistic: 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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