China’s Mobile Banking Transactions Post over 20% YoY Rise in Value in Third Quarter

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Mobile banking is playing an increasingly prominent role in China’s banking sector.

In the third quarter of 2019 the value of mobile banking transactions in China was 85.16 trillion yuan, for an on-quarter rise of 2.2% and a YoY rise of 20.1% according to data from Analysys.

Big state-owned banks accounted for a 68.9% share of the mobile banking market in China in the third quarter, followed by joint-stock commercial banks with a 24.1% share, and municipal commercial banks and other with a 7.0% share.

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