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China's Online Payment Leads The Global Trend

- Mar 27, 2018 -

The "sweeping code payment" which is everywhere, is becoming a major trend of online trading. According to statistics, in the past 2017, China Mobile payment has entered a concentrated outbreak. In the third quarter, China's third party mobile payment transaction scale is about 29 trillion and 500 billion yuan. This year, China's two-dimensional code payment is expected to break through the 900 billion yuan market.

On January 25th, independent payment business operator Worldpay issued the annual global payment report (the report, hereinafter referred to as "the report"). According to the report, China's e-commerce market will increase by 11% to 1 trillion and 550 billion US dollars by 2021, and it is the top of the global e-commerce market.

The Latin American market is at the top of the world

In the next five years, the global e-commerce market is expected to grow at an average rate of 11%. The three fastest growing e-commerce market will be Columbia, Argentina and Nigeria. The growth of E - commerce in these three markets is expected to reach 31%, 30% and 24%, respectively.