The use of mobile payment in China surged in the first quarter of 2015, central bank data showed Tuesday, with the total number of mobile payment transactions rising 108.85 percent to 1.38 billion during the period.
The total value of mobile payment transactions soared 921.49 percent to 39.78 trillion yuan ($6.42 trillion) in the first quarter, according to data from the People's Bank of China (PBC).
The value of online payments also jumped by 109.53 percent year-on-year to 602.93 trillion yuan during the period, PBC data showed.
