Guangdong Mobile Payment Transaction Last Year Reached 15 Billion 530 Million Transactions Nationwide.

On September 11th, according to the financial times, in the past three years, the number and amount of mobile payment transactions in Guangdong increased by 228.4% and 109.2% respectively. In 2018, the number of mobile payment transactions in Guangdong reached 15 billion 530 million, amounting to 59 trillion and 600 billion yuan, regardless of the number of transactions or the amount of money ranked first in the country.

According to the media, the rapid popularization of mobile payment in Guangdong has direct connection with the promotion of relevant policies. In 2017, the central bank Guangzhou branch jointly issued the Guangdong provincial financial office issued the guiding opinions on promoting the innovation and popularization of mobile payment for people's livelihood and the Guangdong rural mobile payment special project promotion plan (2017-2020 years), so as to plan the mobile payment universal financial work as a whole.

At the same time, the central bank Guangzhou branch has formulated the Guangdong mobile payment convenience project implementation plan (2017-2018 years), launched the mobile payment convenience demonstration project in 20 cities of Guangdong Province, and realized the linkage promotion of urban and rural areas in the province.

Guangdong province is adjacent to Hong Kong and Macao and its geographical location is special. The demand for mobile payment services shows obvious diversification characteristics. And the perfection of mobile payment function can fully satisfy the residents of Guangdong and Hong Kong and Macao. Some residents in Hongkong indicated that before they returned to mainland China and Hongkong, they needed to make new bank cards in the mainland and downloaded the mainland version of APP. Now they only need to download a UnionPay cloud flash payment APP in Hongkong and bind the UnionPay card issued by Hongkong, so that they can take buses, buy goods and buy train tickets in the mainland, which is very convenient.

The media understands that in March this year, the central bank issued the overall situation of the payment system in 2018. Data show that in 2018, the national banking financial institutions handled 2 trillion and 220 billion 312 million non cash payment transactions, with an amount of 3768 trillion and 670 billion yuan, up 36.94% and 0.23% respectively over the same period last year. From a nationwide perspective, the scale of mobile payment transactions also showed steady growth momentum.