The “cashless society” is now approaching. Mobile payment transactions in China reached a cumulative total of 277.4 trillion yuan in 2018, top-ranked in the world, according to the recently-released “Statistical Report on Internet Development in China.”
As of June 2019, there were 633 million online payment users in the country.
This episode of “This is China: The Cashless Era” explains why Chinese people spending a day without cash or bank cards is perfectly unremarkable.
“This is China” is an original animated series CGTN Digital presents for the country’s most important political event of the year Two Sessions, which are convening in Beijing. Each episode focuses on the most popular topic and trend that are happening in China, recounting how China’s economy and society, guided by government policies, have evolved in the new era.#2020TwoSessions
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