China is a leader in mobile payments, with a highly digitalized payment landscape dominated by Alipay and WeChat Pay. Cash usage is declining rapidly, particularly among younger generations. China boasts one of the world’s most advanced and innovative digital payment ecosystems. While cash is still used, especially in smaller towns and rural areas, mobile payment platforms dominate daily transactions. Alipay and WeChat Pay, operated by Alibaba and Tencent respectively, are ubiquitous, offering a vast range of functions beyond simple payments, including peer-to-peer transfers, online shopping, utility bill payments, and even transportation ticketing. Credit and debit cards exist but are far less prevalent than mobile payment apps. Online banking is also widely used, but mobile platforms are integrated into almost every aspect of daily life. The speed and efficiency of China’s digital payment system are unmatched globally, and it serves as a model for other countries exploring digital financial inclusion.
Estimated Population
1.45 billion
Currency
Chinese yuan (CNY)
All supported payment methods for China:
Mastercard, Visa, American Express, JCB, UnionPay International, Discover, Diners Club, Apple Pay, Google Pay, PayPal, Alipay, WeChat Pay, MaestroPopular payment methods
Mastercard
Credit/Debit Cards
Unlock a world of payment possibilities with Mastercard, a trusted global leader in secure and convenient transactions
American Express
Credit/Debit Cards
Elevate your business with American Express, a premium payment network that attracts discerning customers and drives higher-value transactions.
JCB
Credit/Debit Cards
JCB is a leading international payment network, offering a unique opportunity for businesses to reach a growing customer base, especially in Asia-Pacific.
UnionPay International
Credit/Debit Cards
UnionPay is the world’s largest payment network, offering businesses the opportunity to tap into the vast Chinese market and beyond.
Discover
Credit/Debit Cards
Discover is a leading payment network that offers a unique combination of security, rewards, and customer service, making it an attractive option for businesses.
Diners Club
Credit/Debit Cards
Diners Club is a global payment network renowned for its premium services and exclusive benefits, offering businesses access to a discerning clientele.
Apple Pay
Wallets
Apple Pay offers businesses a convenient and secure way to accept payments from iPhone, Apple Watch, and Mac users, enhancing the customer experience and boosting sales.
Google Pay
Wallets
Google Pay empowers businesses to offer a fast, secure, and convenient mobile payment experience, attracting a wide range of customers.
PayPal
Wallets
PayPal is a global leader in online payments, offering businesses a secure and convenient way to accept payments from millions of customers worldwide.
Alipay
Wallets
Alipay is China’s leading mobile payment platform, offering businesses access to a vast and engaged customer base in the world’s second-largest economy.
