China's Great Leap Into Wallet-Free Living
No cash? No problem. A trip to Shenzhen, China highlights how the explosive growth of mobile payments is driving a wallet-free society. WSJ's Jason Bellini reports. Wall Street Journal (wsj.com) video above published Jan 18, 2018.
China is living the future of mobile pay right now | CNBC.com 8 Oct 2017: "Mainland Chinese stores and services are increasingly centered around mobile pay apps like WeChat Pay and Alipay. Chinese mobile payment volume more than doubled to $5 trillion in 2016, according to Analysys data cited by Hillhouse Capital. Mobile pay is growing so rapidly in mainland China that as a foreigner, I sometimes found it difficult to complete basic transactions without it. The dominance of mobile transactions lends itself to greater data collection by the Chinese government."
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| Mobile Internet Users in China |
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| China's GDP 1960-2016 |
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| China's Mobile-Payment Market 2017 |
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| Leading Mobile Payment Platforms in China: WeChat Pay, Alipay |
