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Mobile payments surge in China as services go cashless

More cities accepting payment apps for subway and bus rides

A woman pays for a meal with a payment app at a restaurant in Guangzhou.

GUANGZHOU -- The value of mobile payments in China more than tripled on the year in the July-September quarter as the use of Alipay and WeChat Pay quickly spread from buying goods to paying for services and even high-yield financial products.

Transactions totaled 29.49 trillion yuan ($4.5 trillion) over the three-month period, a roughly 3.3-fold gain over a year earlier, according to market research group Analysys International. This year's tally through September came to 71 trillion yuan.

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