Mobile spending surges
Tech-savvy millennials drive sevenfold increase in overseas wireless payments
sevenfold year-on-year, with the number of transactions soaring by 730 percent, the country’s largest third-party payment provider, Alipay, said on Wednesday.
The prolific growth was largely driven by China’s millennials
— those born between the early 1980s and late 1990s — who are accustomed to making purchases on smartphones. They were responsible for as much as 85 percent of overseas