The following is the Report on the overall operation of payment system in 2020 From People’s Bank of China recommended by recordtrend.com. And this article belongs to the classification: research report, Online payment.
In terms of bank accounts, the number of bank accounts kept growing. By the end of 2020, a total of 12.536 billion bank accounts had been opened nationwide, with a year-on-year growth of 10.43%, and the growth rate was 1.64 percentage points lower than that at the end of last year.
The number of individual bank accounts increased steadily. By the end of 2020, China had opened 12.461 billion individual bank accounts, a year-on-year increase of 10.43%, and the growth rate was 1.64 percentage points lower than that at the end of last year. There are 8.9 bank accounts per capita.
In terms of non cash payment business, the number of bank cards issued increased steadily. By the end of 2020, the number of bank cards in use nationwide was 8.954 billion, a year-on-year increase of 6.36%. Among them, the number of debit cards in use was 8.177 billion, an increase of 6.57% over the same period last year; the total number of credit cards and debit and credit cards in use was 778 million, an increase of 4.26% over the same period last year. The number of debit cards in use accounted for 91.31% of bank cards in use, up from the end of last year. There were 6.4 bank cards per capita, up 6.01% year on year. The number of credit cards held per capita increased by 3.56% over the same period last year.
The transaction volume of bank card increased slightly. In 2020, a total of 345.426 billion bank card transactions, with an amount of 888 trillion yuan, increased by 7.28% and 0.18% respectively over the same period last year, with an average of 944 million daily transactions and an amount of 2.43 trillion yuan.
The volume of mobile payment business keeps growing. In 2020, banks will handle a total of 235.225 billion electronic payment services, with an amount of 2711.81 trillion yuan. Among them, there were 87.931 billion online payment services with an amount of 2174.54 trillion yuan, a year-on-year increase of 12.46% and 1.86% respectively; 123.22 billion mobile payment services with an amount of 432.16 trillion yuan, a year-on-year increase of 21.48% and 24.5%; 234 million telephone payment services with an amount of 12.73 trillion yuan, a year-on-year increase of 33.06% and 31.69% respectively.
In addition, in 2020, non bank payment institutions will handle 827.297 billion online payment businesses, with an amount of 294.56 trillion yuan, up 14.9% and 17.88% year on year respectively.
In terms of payment system, in 2020, the payment system handled a total of 732.063 billion payment businesses, with an amount of 8195.29 trillion yuan, an increase of 28.77% and 18.73% respectively on a year-on-year basis.
It is worth noting that the network clearing platform runs smoothly. By the end of 2020, a total of 560 commercial banks and 133 Payment institutions have access to the Internet platform. In 2020, the online clearing platform will handle 543.168 billion transactions, with an amount of 348.86 trillion yuan, an increase of 36.63% and 34.26% respectively on a year-on-year basis. The daily average amount of business handled was 1.484 billion, with an amount of 953.179 billion yuan.
The people’s Bank of China also released the overall operation of the payment system in the fourth quarter of 2020. The data showed that the number of bank accounts increased slightly, the volume of non cash payment business kept growing, the volume of payment system business grew steadily, and the operation of the national payment system was generally stable.
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