03-Feb-18, South China Morning Post
With the growth of popular mobile payment services, consumers and businesses in hundreds of thousands of villages across China are embracing a new era of convenient, cashless transactions.
%20EPA.jpg "Chinas village people fast to adopt mobile payments (c) EPA")
Image: EPA
China, which had 1.4 billion mobile subscribers as of 31-Dec17, recorded USD5.5 tn worth of mobile payment transactions in 2016.
Annual mobile payment transactions are poised to grow further as China’s more than 600,000 villages increasingly go cashless. These villages are administratively categorised below townships, counties, cities and provinces in the country.