Future of payments
This article is part of a series of articles on the future of payments. Read more.
Need to know
- Mobile payments, arguably, were the first popularly accepted form of payment after cash in China. Unlike mature economies, China did not experience an established behaviour of using credit and debit cards.
- Most younger Chinese citizens do not see mobile payments as one-dimensional or simply a form of transaction. Instead, they expect that payments will lead to further social, information and monetary benefits – a fundamentally different mental starting point to consumers in other markets.
- As both...