China sees huge spike in mobile device payments during Q2
Year-over-year mobile device payments in China increased nearly threefold in the second quarter, according to China Daily, citing a central bank report. According to the report, there were 371 million mobile transactions nationwide during the quarter, an increase of 275 percent.
Transaction volume grew 364 percent during the same period, to 2.07 trillion yuan, or $338 billion U.S, the site added.
Learn more about mobile payments trends/statistics.