China

mkt_cn
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Alipay and Weixin Pay bring China’s consumers and merchants together through QR-led mobile checkout, alongside UnionPay cards and bank transfers. Wallet balances and linked bank instruments provide distinct funding routes within a domestic market of 1.41 billion people in 2025.

Alpha-3:CHN
NUM:156
Population
1.4B
GDP
$19.5T
GDP per Capita
$14K
GDP Growth
5.0%
Deepdive

World Bank, World Development Indicators (WDI), 2025

Cash in China

China's QR-led wallets have reduced the need for cash payments in local stores, yet yuan banknotes remain an important option for older users and visitors. Efforts to preserve cash acceptance address gaps left by app-centered checkout.

ATMs (PER 100K)
62.7
BANKS (PER 100K)
8.7
DEBIT CARDS (PER ADULT)
8.0
CREDIT CARDS (PER ADULT)
0.6
Compare

IMF, Financial Access Survey (FAS), 2025

Payment Methods

Estimated Monthly Usage, Aurato Research, October 2026

Schemes

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Systems

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PSPs

Compliance

Standards