China's electronic payments post steady expansion in 2021

BEIJING, April 5 (Xinhua) -- Electronic payments handled by China's banks and non-bank payment institutions both registered rapid growth in 2021, a report from the People's Bank of China showed.

Electronic payments processed by banks in China stood at 2,976.22 trillion yuan (about 468.63 trillion U.S. dollars), up 9.75 percent year on year, according to the central bank.

In breakdown, online payments rose