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Many people in China find that they barely ever touch coins or banknotes these days. That’s because the nation – which invented paper money around 2,800 years ago, by the way – has moved quickly in the past half decade toward being a cashless society, with people using their phones to make payments.

Here’s the scene right now, complete with the latest data for mid-2017:


Artwork by Matahari Indonesia.

This post Cashless China: shoppers to spend $15t on their phones this year appeared first on Tech in Asia.

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