Mo­bile spend­ing surges

China Daily (Canada) - - FRONT PAGE -

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

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.