USEUROPEAFRICAASIA 中文双语Français
Home / Weekend Life

Cashless trend takes hold in China

China Daily | Updated: 2017-08-12 09:04

Payment platforms run promotions to boost volumes

WeChat and Alipay, two major online payment platforms in China, call for consumers to go cashless and cardless in their daily life through promotions in August. Cashlessness is a new Chinese characteristic. In a recent report by Tencent, the Chongyang Institute for Financial Studies at Renmin University of China, and French market research firm Ipsos, 84 percent of Chinese were "comfortable" going out with only mobile phones, no cash.

Gao Jingwen, in her 20s, can hardly recall when she last paid in cash.

Cashless trend takes hold in China

Today's Top News

Editor's picks

Most Viewed

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US