Wide adoption of mobile payment by China’s small businesses have lifted transaction volume to record levels. Photo: XinhuaWide adoption of mobile payment by China’s small businesses have lifted transaction volume to record levels. Photo: Xinhua
Wide adoption of mobile payment by China’s small businesses have lifted transaction volume to record levels. Photo: Xinhua

As China goes increasingly cashless, PBOC says cash payment is still alive

The banking regulator reminds businesses to accept cash payments even as mobile payment transactions reached a record US$12.8 trillion

Topic |   Mobile payments
Wide adoption of mobile payment by China’s small businesses have lifted transaction volume to record levels. Photo: XinhuaWide adoption of mobile payment by China’s small businesses have lifted transaction volume to record levels. Photo: Xinhua
Wide adoption of mobile payment by China’s small businesses have lifted transaction volume to record levels. Photo: Xinhua
READ FULL ARTICLE