China's "Internet Plus" economy accounts for one-third of the nation's GDP, worth US$4.6 trillion in 2018 with a growth of 15 percent year-on-year. The expansive digitalized ecosystem is in the midst of a digital payment revolution with the number of mobile merchant payments expecting to rise to 577 million in 2019 and to almost 700 million in 2022.
Robust growth in technological innovations such as 5G, Internet of Things, and Artificial Intelligence is also driving market demand.
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