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."
|Mobile Internet Users in China|
|China's GDP 1960-2016|
|China's Mobile-Payment Market 2017|
|Leading Mobile Payment Platforms in China: WeChat Pay, Alipay|