Beijing tops study of cash­less liv­ing in cities

China Daily (Hong Kong) - - FRONT PAGE -

GUANGZHOU — Beijing is the “smartest” city in China, ac­cord­ing to a re­port on the cash­less so­ci­ety re­leased on Mon­day.

The re­port was jointly pub­lished by Chi­nese tech gi­ant Ten­cent, the Chongyang In­sti­tute for Fi­nan­cial Stud­ies at Ren­min Univer­sity of China and French mar­ket re­search firm Ip­sos.

It mea­sured in 324 Chi­nese cities us­ing dif­fer­ent in­dexes, such as trans­porta­tion, ed­u­ca­tion, shop­ping and food de­liv­ery, and polled more than 6,500 res­i­dents on their use of mo­bile pay­ments.

Over­all, Beijing ranked first in the pen­e­tra­tion of a cash­less so­ci­ety, fol­lowed by Shen­zhen, Guangzhou and Shang­hai.

The cities of Dong­guan and Foshan of Guang­dong prov­ince were the dark horses in the top 10, rank­ing sixth and 10 th, re­spec­tively.

The re­port also showed that 40 per­cent of Chi­nese carry less than 100 yuan ($15) in cash when go­ing out, while 52 per­cent only use cash for 20 per­cent of their to­tal monthly con­sump­tion.

More than 70 per­cent of re­spon­dents said they could live more than a week with only 100 yuan in cash, and 84 per­cent were “com­fort­able” go­ing out with only mo­bile phones, no cash.

The re­port was part of a week­long cel­e­bra­tion of WeChat’s an­nual “Cash­less Day”, which is sched­uled for Aug 8.

“Cash­less Day” aims to pro­mote a green, fash­ion­able and ef­fi­cient life­style.

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