From JLM
China's online banking transaction volumes are expected to come in between RMB 440 trillion and RMB 450 trillion in 2009, reports National Business Daily quoting China Financial Certification Authority Vice General Manager Wei Hedong on November 19. Nationwide, transaction volume for online banking was RMB 225 trillion in 2007 and RMB 317 trillion in 2008, Wei said.
CFCA said in August that online banking transactions were RMB 300 trillion in 2008 and that online banking accounted for 30% of banks' overall business volume.
