19 May 2019

Consumers cautious over online payments, paper says

Debit and credit card owners are generally more cautious about online payment, which is booming in China, compared with offline transactions, Shanghai Daily reported on Tuesday, citing the results of a recent online survey done by the Ministry of Public Security through China UnionPay. The survey, covering nearly 170,000 consumers in 31 regions, also revealed that younger online shoppers are more willing to use online banking services while half of those over 50 years old prefer mobile point of sales machines when paying for online orders, the report said. More than 80 percent of the respondents have spent an average of over 500 yuan (US$82.47) each month this year for online purchases, up from 65 percent two years ago, the survey showed.

– Contact HKEJ [email protected]



EJI Weekly Newsletter

Please click here to unsubscribe