China's non-cash payments soar in Q2

BEIJING -- The non-cash payments handled by Chinese banks maintained steady expansion in the second quarter, with mobile payments sustaining growth momentum, the central bank said.

Non-cash payments, involving bank cards, online payment vehicles, commercial papers, credit transfer and other settlements, totaled 1,080.82 trillion yuan ($167.05 trillion) in the second quarter, up 6.25 percent year-on-year, according to the People's Bank of China.

Of the total, mobile payments sustained an upward trend to 117.13 trillion yuan, up 10.32 percent year-on-year.

The bank card transactions hit 240.25 trillion yuan in the second quarter, up 9.66 percent year-on-year.

China had 13.12 billion bank accounts at the end of June, up 2.05 percent from the previous quarter.