This Day, That Year

Item from May 8, 1992, in China Daily: More people in Chongqing are using credit cards. Since 1990, the Bank of Industry and Commerce has issued 19,000 cards in the city, which can be used at shops, hotels, railway stations and airports.

Mobile payment has become a part of everyday life in China. You can go out without cash or bank cards, but not your cellphone.

Last year, the number of internet users in China reached 731 million, and 469 million of them were making payments via mobile devices.