The China contactless payment market is anticipated to grow at a CAGR 16.6% during the forecast period. Chinese consumers are adopting contactless payment and e-commerce methods at a faster rate as compared to the rest of the world. Increasing adoption of online retail, financial and on-demand services and prefers the use of contactless payment method. China has nearly 731 million internet users and around 70% of the internet users rely on contactless payment. With the development of the integration between mobile devices and internet technology, China is expected to have a large number of contactless payment users owing to a large number of mobile users as well as presence of major mobile manufacturers and service providers.