China’s Online Payment Options – Cashless In Beijing by Julia Zhu, Matthews Asia
In 2015, estimates for the number of China’s mobile Internet users exceeded 620 million, including 358 million users who paid for items via mobile devices. Mobile payment is quickly becoming the most common means of payment after cash, and debit and credit cards.
This trend came to mind recently while I was at my local bakery in Beijing. I had forgotten to bring my wallet and only realized this when I was already at the cashier. Fortunately, she gave me an online payment option, and helped me open the app on my cellphone. After she scanned a barcode into the app, my payment transaction was promptly...
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