dailyfintech.com
$41 Trillion in Mobile payments - China tech target digital banking - Daily Fintech
$41 Trillion was the size of China’s mobile payments market in 2018. It is perhaps counter-intuitive when the payments market is more than three times the size of China’s GDP ($12 Trillion). That’s because GDP is based on value creation, not on transaction volumes. Let me explain it with a crude example. A couple of …