Use of China’s mobile payment services has skyrocketed over the past five years, with total transactions covered reaching 277.39 trillion yua n ($41.51 trillion) in 2018 — a more than 27-fold increase from five years ago, according to the central bank. A total of 60.53 billion mobile payment transactions were conducted last year, as a repor t released by the People’s Bank of China Monday shows, while the figure was only 1.67 billion back in 2013. From around 2013, with online payments dominant and mobile payments only nas cent, to 2018, which saw mobile payments outpacing the domestic market, it is easy to observe aRead More →