China’s adoption of mobile technology is one of the world's most widely reported and scrutinised fintech stories. In a country that in the early 2000s still largely depended on cash for transactions, the arrival of mobile QR code payments ushered in a new era of commerce.
This success rides on the back of China’s huge population. In 2018, the country boasted 802 million internet users, and 98% accessed the internet through their mobile phones.