无现金社会Cash­less So­ci­ety

China Pictorial (English) - - Buzzwords - Edited by Li Zhuoxi

China was the first coun­try in the world to use paper money. Just a few short cen­turies later, the pop­u­lar­ity of mo­bile pay­ments has some analysts pre­dict­ing that China could be­come the first cash­less so­ci­ety within the next decade.

Stay­ing cash­less has be­come the norm in many cities in China. Noo­dle shops in Shang­hai and street artists in Shen­zhen all ac­cept mo­bile pay­ments through a free Wechat ac­count and a printed QR code. Ac­cord­ing to the lat­est re­port from Chi­nese con­sult­ing company ire­search, the mar­ket scale of China’s third-party mo­bile pay­ment dou­bled in 2016, reach­ing US$5.5 tril­lion in to­tal. The num­ber is nearly 50 times larger than the mo­bile pay­ment mar­ket in the United States. China’s Mar­ket Re­search Group es­ti­mates the coun­try’s mo­bile pay­ment mar­ket is now 40 to 50 times the size of the United States.

The big­gest ap­peal of mo­bile pay­ments is con­ve­nience. Peo­ple eas­ily move around with lit­tle or no cash. How­ever, the pro­lif­er­a­tion of trans­ac­tions has also aroused se­cu­rity con­cerns. The Bet­ter Than Cash Al­liance of the United Nations says mo­bile pay­ment plat­forms are still work­ing to bal­ance in­no­va­tion and reg­u­la­tion and ac­tively tak­ing mea­sures to re­duce fi­nan­cial risk and fraud.

VCG

Ac­cord­ing to the China In­ter­net Net­work In­for­ma­tion Cen­ter, as of De­cem­ber 2016, 50.3 per­cent of buy­ers in China had used mo­bile pay­ments for off­line shop­ping.

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