Preferred payment methods by Chinese millionaires 2018

A survey conducted in the second half of 2018 revealed that around 37 percent of surveyed Chinese millionaires preferred using Alipay for payments below 20 thousand yuan. The preference share of Alipay decreased by 2.8 percentage points compared to a similar survey conducted in the previous year.

Preferred payment methods among Chinese millionaires as of 2018*

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Release date

January 2019



Survey time period

H2 2018

Number of respondents

465 respondents

Special properties

among high net worth individuals with personal assets over ten million yuan

Supplementary notes

*For payments below 20,000 yuan.
Note: 1 yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of October 2019).

The survey was conducted among Chinese millionaires from a number of first and second tier cities in mainland China as well as Hong Kong, Macao, Taiwan and foreign countries.

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Statistics on "Millionaires in China"

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