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eMarketer Projects Surge in Mobile Payments in China

Cash is on the way out in the Middle Kingdom

London, 2 November, 2017 — According to eMarketer’s latest proximity mobile payment forecast, more than three-quarters (76.3%) of smartphone users in China will use a phone to pay for goods and services at the point of sale (POS) in 2017. China is moving toward a cashless society as the benefits of using mobile phones to pay offline becomes ubiquitous in cities and spreads to rural areas.

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Sheelagh Doyle
Senior Director, Global PR and Communications
+44 (0) 203 510 1595
sdoyle@emarketer.com

Posted on November 2, 2017.