Bank of China has spared no effort to push renminbi internationalization through a variety of channels in recent years.
The bank has become one of the leading channels in renminbi cross-border circulation.
It plays a crucial role in creating products and services in RMB internationalization, providing comprehensive services to clients at home and overseas, said the company's executives.
BOC is increasing its efforts to serve as a major channel for RMB cross-border clearing services.
Mobile payment, also known as mobile payment, is a commercial transaction implemented by a mobile communication network using a mobile terminal device as a carrier for a certain goods or services.
With the rapid development of smart phones, mobile payment is more convenient and faster. Alipay and WeChat scan code payment are the most frequent mobile payments used in Xiaobian's daily life. Today, Xiaobian takes everyone to understand the market situation of third-party payment in China in 2017.
According to the data of Yiguan.com, in the first quarter of 2017, the scale of China's third-party mobile payment market reached 1,880.12 billion yuan, an increase of 46.78%. In the first quarter of 2017, the top three rankings in the mobile payment market did not change. Yu'ebao's transaction scale has developed rapidly, and Alipay has ranked first in the market share of 53.70%.