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Older people and residents of smaller Chinese cities are increasingly using mobile payment apps while on holidays abroad, according to separate reports released by industry giants Alipay and WeChat Pay earlier this week.
Zhoushan, a city in Zhejiang province, saw its residents’ overseas Alipay payments increase 55% during the recent seven-day Chinese New Year public holiday from the previous year, making it the fastest-growing city in this category. Zhoushan is considered a fourth-tier, or relatively small city, by Chinese research center The Rising Lab.
In comparison, average overseas spending per capita by Alipay users from the major metropolises of Beijing, Shanghai and Guangzhou increased by the far lower rates of 24% to 30%.
Meanwhile, Alipay’s rival Wechat Pay observed that migrant workers were bringing their cashless habits home to smaller cities as they returned to their family homes to celebrate the new year.
In sixth-tier cities — the cities ranking the lowest in terms of factors like population and business resources — 43% of all Wechat Pay transactions during the holiday were made by people who lived elsewhere the rest of the year, Wechat Pay said, using The Rising Lab’s system of ranking cities.
At the same time, older users are increasingly paying with mobile wallets abroad. The number of users born in the 1960s who made payments abroad during this year’s holiday grew 130% from the previous year, according to Alipay.
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