A new report from the Payment & Clearing Association of China (PCAC) has found that payment service providers processed $134 trillion worth of online transactions in 2012, according to The Paypers.
Offline, researchers revealed that banks processed 19.2 billion online transactions – accounting for $133.4 trillion in payments. The report also examined how online transactions are being used. This included analysis of sectors such as community services, education and tourism.
For more insights, read the full report here.