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Additionally, in 2019, more than approximately 347 trillion yuan were said to be transacted via mobile payment channels compared to about 9.6 trillion yuan in 2013. What is also interesting to note, is that China could have scored about 87% in Ernst and Young’s 2019 fintech adoption index-much greater than the global average of around 64%.
Plus, as compared to the rest of the world, China claims to be the leader in cumulated transaction through all digital payments.
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