China’s cashless economy threatens to leave its elderly—and their money—behind

Richard Bradbury | Christine Wong | Arvindh Yuvaraj

27-Nov-18 12:00

China’s cashless economy threatens to leave its elderly—and their money—behind

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The cutting-edge payment method is rapidly becoming so common in Beijing and other large cities that experts have begun referring to the Chinese capital as a prototype of the futuristic cashless society. In 2017, the country saw $15 trillion (paywall) in mobile payments - yet some people still struggle with going cashless.

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Categories: Personal Finance, Investments, Financial Literacy, Technology, Medical Innovation and Technology, Tech, Young Finance, Personal Development, Entrepreneurship, SME

Tags: technology, china, cashless, economy, atm,

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