Annual growth in third-party online payment transaction volume in China 2014-2025
In 2020, the online payment transaction value of third-party online payment transactions in China grew by 14.6 percent to almost 140 trillion yuan. According to the forecast, the payment GMV was projected to reach 298 trillion yuan by 2025. China was the vanguard of the global mobile payment industry, and digital payments are an integral part of Chinese everyday life.