China’s payment system transaction value exceeded 500 trillion in 2011 Q3
According to PBOC, in 2011 Q3, China’s payment system processed 3.9 billion transaction volumes amounting to 510 trillion RMB. HVPS volume keeps a rapid 35% growth rate year on year; BEPS volume especially online inter-bank clearing, has increased at phenomenal rate, mainly driven by faster growth in the area of online petty expense payments.
|
Payment System Transaction Volume Contribution %, 2011 Q3 |
Payment System Transaction Value Contribution %, 2011 Q3 |
|
|
High-Value Payment System |
2.48% |
68.14% |
|
Bulk Electronic Payments System |
3.65% |
0.89% |
|
Intra-city Bill Clearing System |
2.65% |
3.40% |
|
China Foreign Exchange Payment System |
0.00% |
0.09% |
|
Intra-bank Transaction Settlement System |
46.51% |
26.70% |
|
CUP Inter-bank Clearing System |
44.71% |
0.78% |
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