cashless

Alipay’s Jonathan Quin explains how businesses can benefit from China’s digital revolution When I  first started travelling to China regularly in 2015, I was struck by how the country’s consumers, in particular its millennials, had become increasingly digital: payments were almost exclusively made by scanning QR codes, and nearly every aspect of daily life – from hailing cabs and finding food, to managing finances and booking medical appointments – was …

Paul French caught up with Sara Hsu to find out where the Chinese fintech revolution is heading Anyone who has spent five minutes in China recently knows that financial technology – or fintech – is massive. WeChat Wallets, Alipay, and a few dozen other systems are making financial services more efficient and accessible, and cash increasingly redundant. In ‘China’s Fintech Explosion’ (Columbia University Press), Sara Hsu and Jianjun Li argue …

China is fast becoming the world’s first cashless country and mobile payments have become even in the more remote corners of the country, writes Gabrielle Jaffe  Over a millennium ago, China became one of the first countries to develop a paper currency. It’s ironic then that it might become the first to go cashless. Spend a day in Beijing or Shanghai and the extent to which digital payment has taken …