--FILE -- un telefono cellulare utente guarda le icone di Alipay, destra, il servizio di pagamento online di Alibaba's Ant, finanziario e l'applicazione Messaggistica Weixin, o W
--FILE--A mobile phone user looks at icons of Alipay, right, the online payment service of Alibaba's Ant Financial, and the messaging app Weixin, or WeChat, of Tencent, on his smartphone in Ji'nan city, east China's Shandong province, 11 October 2016. Driven by the explosive growth of Internet finance, China is now witnessing a boom in its mobile payment market. Data show that the value of Chinese third-party mobile payments has tripled to 5.5 trillion US dollars in 2016. With the popularity of mobile payment, Chinese people can enjoy life without cash or cards, as a mobile device is all what they need. A survey by Nieslen, a US-headquartered global information, data, and measurement company, showed that about 86 percent of Chinese consumers paid for online purchases with mobile apps, far out-numbering that of other countries. A Financial Times report said that the value of Chinese third-party mobile payments has tripled to 5.5 trillion US dollars in 2016, nearly 50 times greater than that in the US in the same period. About 60 percent of Chinese consumers who use mobile payments pay via mobile apps on weekly basis, although most of those transactions are in small amounts, said the report released by China's Payment & Clearing Association.
