China’s payment system transaction value exceeded 500 trillion in 2011 Q3

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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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