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Cashless China: shoppers to spend $15t on their phones this year

Cashless China: shoppers to spend $15t on their phones this year

Cashless China: shoppers to spend $15t on their phones this year
October 31
00:04 2017

Many people in China find that they barely ever touch coins or banknotes these days. That’s because the nation – which invented paper money around 2,800 years ago, by the way – has moved quickly in the past half decade toward being a cashless society, with people using their phones to make payments.

Here’s the scene right now, complete with the latest data for mid-2017:

Artwork by Matahari Indonesia.

Editing by Eileen Ang

(And yes, we’re serious about ethics and transparency. More information here.)

About Steven

Steven’s interested in ecommerce, mobile, smartphone adoption, gadgets, social media, transportation, and cars. If you have any tips or feedback, contact him on Twitter: @sirsteven

source : techinasia

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