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% |