A customer pays a butcher using her smartphone at a market in Beijing. Photo: AFP
Wee Kek Koon
Opinion

Opinion

Reflections by Wee Kek Koon

China’s embrace of electronic payments is the latest in a long history of smart money innovations

  • Paper money transactions began in the ninth century, with promissory notes carried by Chinese itinerant merchants
  • Banknotes lightened the burden of countless coins, just as e-payments promise to do

TOP PICKS

A customer pays a butcher using her smartphone at a market in Beijing. Photo: AFP
READ FULL ARTICLE