Chinanews.com, August 20. The People's Bank of China website released the overall situation of the payment system in the second quarter of 2020 on the 20th. Data shows that in the second quarter, banks processed 57.770 billion electronic payment transactions, with an amount of 674.01 trillion yuan. Among them, 21.638 billion online payment services, with an amount of 541.34 trillion yuan, increased by 15.48% and 11.20% year-on-year; 30.141 billion mobile payment services, with an amount of 106.17 trillion yuan, an increase of 26.99% and 33.61% respectively;
Data shows that the growth rate of the number of bank accounts has rebounded. As of the end of the second quarter, a total of 11.866 billion bank accounts were opened nationwide, an increase of 3.05% from the previous quarter, and the growth rate was 1.62 percentage points higher than the end of the previous quarter.
The number of personal bank accounts continued to grow. As of the end of the second quarter, a total of 11.795 billion personal bank accounts were opened nationwide, an increase of 350 million from the end of the previous quarter, an increase of 3.06% from the previous quarter, and the growth rate was 1.63 percentage points higher than the end of the previous quarter. The average number of bank accounts 3 per capita reaches 8.42.
In the second quarter, banks across the country handled a total of 483.72 billion non-cash payment services with an amount of 1017.22 trillion yuan, a year-on-year increase of 6.18% and 6.83% respectively.
In terms of electronic payment, the growth rate of mobile payment business has rebounded. In the second quarter, banks processed 57.770 billion electronic payment transactions with an amount of 67.01 trillion yuan. Among them, 21.638 billion online payment services, with an amount of 541.34 trillion yuan, an increase of 15.48% and 11.20% year-on-year; 30.141 billion mobile payment services, with an amount of 106.17 trillion yuan, an increase of 26.99% and 33.61% year-on-year; telephone payment business 0.53 100 million transactions, with an amount of 3.12 trillion yuan, an increase of 10.53% and 20.01% respectively.
The business volume growth of domestic foreign currency payment systems rebounded. In the second quarter, domestic and foreign currency payment systems processed 598,700 transactions with an amount of US$340.459 billion (approximately RMB 2.41 trillion17), an increase of 11.41% and 16.89% year-on-year respectively. The average daily processing business is 9656.06 transactions with a value of 5.491 billion US dollars (approximately RMB 38.875 billion).