In Urban China, Hardly Anyone Is Using Cash Anymore

In Urban China, Hardly Anyone Is Using Cash Anymore – The New York Times

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A Shanghai clothing market that allows customers to pay using the apps Alipay and WeChat.CreditYuyang Liu for The New York Times A customer scanning a QR code to pay for breakfast using WeChat, a messenger app that has become essential for everyday life.CreditYuyang Liu for The New York Times

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A QR code is scanned to pay for a taxi ride using Alipay.CreditYuyang Liu for The New York Times The IAPM mall in central Shanghai. Mobile payments reached $5.5 trillion in China last year.CreditYuyang Liu for The New York Times

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Customers line up at a Shanghai food vendor that supports WeChat and Alipay.CreditYuyang Liu for The New York Times A street key maker who accepts mobile payments. For many small businesses, the technology has helped keep costs down by using a QR code instead of an expensive card reader. CreditYuyang Liu for The New York Times Buildings for Tencent, the parent company of WeChat, in Caohejing Hi-tech Park.CreditYuyang Liu for The New York Times

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Visitors at the Bund in Shanghai. While mobile pay is useful for local residents, it may pose challenges for tourists and foreign businesses.CreditYuyang Liu for The New York Times

Source: New York Times

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