UnionPay announced amazing data! Pos swipe card wins scan code payment!


How long have you not paid by card?

With the popularity of Alipay and WeChat payment, China Mobile Payment has been promoted in the north and south of the country in an extremely rapid development trend.

The first data is that the 2017 Digitalization, Trade and Development Report released by the United Nations Conference on Trade and Development in Geneva recently showed that with the increasing importance of electronic payment methods, the proportion of global payment cards will decline by 2019. To 46%.

The second data derived is that, according to the current development momentum, in the next two years, mobile payment will not only be in China, but the proportion of usage in the world will exceed the credit card payment.

However, in fact, some first-tier cities in China have completed this step as early as last year. In China, according to a report released by Internet research institute Analysys International, in the second quarter of this year, the scale of China's third-party mobile payment market reached 2,304.82 billion yuan, an increase of 22.5%.

According to CNNIC's survey results of China's Internet development, the proportion of online mobile phone settlements in online stores has reached 50.3%. Even in the fourth and fifth tier cities, the proportion has reached 43.5% and 38% respectively. The proportion of the region also reached 31.7%

"Eleven" UnionPay network transactions broke trillions of yuan

On October 9, China UnionPay released the "11" long vacation UnionPay network transaction data. This year's "Eleventh" coincides with the National Day and Mid-Autumn Festival holidays. During the holiday period (October 1 to 8th, the same below), the total amount of UnionPay online transactions reached a new high of 1.37 trillion yuan, and the total transaction volume was 728 million. The daily average increased by 36.2% and 11.7% respectively compared with the “Eleventh” Golden Week last year.

"In terms of total volume, the total amount of transactions in the 7 days before the UnionPay network transaction has exceeded 1 trillion yuan for the first time, and the total transaction volume in the 8 days has reached 1.37 trillion yuan." Chen Han, data analyst of China UnionPay, said, "From the perspective of growth rate, Xiamen, Qingdao, Anhui and other places are the fastest growing areas in the '11' Golden Week this year, with an average daily increase of more than 50% compared with the same period last year.

UnionPay mobile phone flash payment and QR code transaction growth

The rapid spread of emerging payment methods for UnionPay cards and UnionPay mobile phones has enabled residents to enjoy a better upgrade experience for holiday spending. The growth of China UnionPay mobile phone flash payment business represented by Apple Pay, Sumsung Pay, HuaWei Pay, MiPay and HCE is also obvious. The daily average transaction volume and amount increased by 19% and 214% respectively. Since the launch of the UnionPay QR code in the first half of this year, it has maintained rapid growth. During the “11” period, the average daily transaction volume and transaction amount have increased by more than 50 times compared with the May 1 holiday.

The data shows that during the “11th” period, the daily consumption of hotels has increased by 37%, and the daily consumption of food and beverages has increased by 22%. The catering and accommodation have become an important component of residents' tourism and holiday consumption experience.

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