Payment Clearance Association: In 2021, the over 70 % of the payment institution achieved profitability, and the concentration of the network payment market decreased slightly.

On June 15th, China Payment and Clearance Association organized a series of financial street forums-"China Payment Industry Annual Report 2022" (hereinafter referred to as the "Annual Report") online conference, introduced the content of the "Annual Report" and the development of the development of my country's payment industry in 2021.

"Daily Economic News" reporter learned that this is also the tenth annual report launched by the China Payment Clearing Association.

The "Annual Report" pointed out that in 2021, the bank handled a total of 439.516 billion in non -cash payment business, with a amount of 44.1556 trillion yuan, an increase of 23.90%and 10.03%over the previous year. The institution completed a total of 1139.62 billion yuan in payment business (including network payment, bank card receipt, prepaid card transaction), with a amount of 4.1673 trillion yuan, an increase of 29.48%and 17.17%over the previous year, which has strongly promoted my country's economic and social development.

73.2%of payment institutions in 2021 realized profitability

In terms of the development of the main body of the payment service market, the "Annual Report" pointed out that different types of payment service market entities have exerted their respective advantages to jointly promote the in -depth development of the payment industry.

Data show that as of the end of 2021, there were more than 4,000 banking institutions in my country, with a total of 13.664 billion accounts opened and 59.33 million merchants. In order to better serve all types of consumers, bank institutions increase the transformation and upgrading of the service system, cooperate with the online and offline payment channels, and further extend and sink the safe and convenient modern payment service tentacles.

In addition, as of the end of 2021, there were a total of 224 legal persons in my country, with a total of 1569 branches, 49,400 employees, and 5.7 billion yuan for customers to use payment accounts, of which 3.244 billion were paid by the event. Payment institutions continue to explore effective business ideas and profit models, aim at the advantageous industries, take shape and precise services, and continuously build retail consumption engines.

The "Annual Report" shows that in general, the financial stability of payment institutions in 2021 has increased significantly compared with the previous year, and 73.20%of institutions have achieved profitability.

The "Annual Report" pointed out that there are 16 infrastructure operation institutions in my country, including payment and clearing system operating institutions, securities registration and settlement system operation agencies, and central rivals. In recent years, infrastructure operating institutions have accelerated the construction of a modern enterprise system, undertake major tasks of unblocking funds, and created a multi -level payment service network and product system, laying the foundation for the leapfrog development of the industry.

The concentration of the network payment market has decreased slightly

"Daily Economic News" reporter noticed that the "Annual Report" introduced the development of online payment business in 2021. In recent years, my country has developed the world's leading network payment business represented by mobile payment, and has become a global business card for my country's payment industry in the world.

The "Annual Report" pointed out that in 2021, my country's banking institutions handled a total of 102.278 billion online payment business, with a amount of 235.396 trillion yuan, which were 5.32 times and 2.86 times in 2012. The growth rate of the mobile payment business volume is even more amazing. In 2021, the number and amount of mobile payment business processed by domestic banks were 282.67 times and 228.13 times in 2012.

In 2021, the scale of my country's online payment business continued to maintain a growth trend. The number and amount of the bank institutions handled online payment business increased by 16.32%and 8.25%compared with the previous year; the number and amount of mobile payment business pens and amounts increased by 22.73%and the previous year, respectively. 21.94%.

From the perspective of business amount, banking institutions remain dominant. The amount of online payment business and mobile payment business processed by bank institutions are 41.03 times and 1.47 times of payment institutions to handle similar business amounts; 57.71 times and 9.65 times of payment institutions, respectively.

In addition, the payment institution handled a total of 143.957 billion in the Internet payment business, with a amount of 5.737 trillion yuan, an increase of 50.06%and 5.19%from the previous year, and the average business amount was 398.55 yuan. Yuan, increased by 27.01%and 19.38%compared with the previous year, with average business amount of 360.93 yuan.

The "Annual Report" pointed out that with the gradual comprehensive market competition, the market concentration of online payment has decreased slightly. The statistics of the association show that the amount of online payment transactions ranks the highest bank institutional business volume of the country's top 10 banking institutions. The sum of the 10 -bit payment institution's business volume accounts for 96.25%of the total network payment business of the payment institution, a decrease of 0.48 percentage points from the previous year.

Daily Economic News

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