China Pushes Back on Cashless Trend

Payments
China Pushes Back on Cashless Trend
Payment Facilitator Mobile Business Compliance Security Payments Industry
China Pushes Back on Cashless Trend
China has become a popular example of the potential for digital transactions to overtake cash, as its citizens’ mobile payments usage has increased exponentially in just the last few years. The use of QR codes is quickly displacing cash use across its cities.

But according to recent media reports from the region, not everyone there is necessarily happy with the disappearance of cash or the pervasiveness of mobile payments.

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