Payment and Clearing Association data: The national average holds 22.5 POS machines per 1,000 people, a growth rate of 26%

On March 6, the China Payment and Clearing Association announced the overall operation of the payment system in 2017 (content from the official website of the China Clearing Association):

Among them, the data with more highlights include:

1. Compared with 2016, the number of non-cash transactions increased by 28.59% in 2017, but the transaction amount only increased by 1.97%. It can be seen that a large amount of growth is in small transactions.

2. As of the end of 2017, the total number of credit card and loan-to-debt cards issued was 588 million, an increase of 26.35% year-on-year. Although the mobile payment business has developed rapidly, credit cards still maintain such rapid growth, showing that the demand for credit cards has not decreased.

3. By the end of 2017, the country had used a total of 31.18 million POS machines, and 22.5 out of every 1,000 people in the country had pos machines. The more amazing number is: the national POS machine growth rate is as high as 26.04%

The following is the full text of <2017 payment system operation>: