China Leaps Ahead With Cashless Tech

August 23, 2018


In China you can pay for almost anything with a phone and almost everyone does. The Chinese made almost $9 trillion worth of transactions on mobile devices in 2016 and the switch from cash to cashless has China's big tech companies going up against traditional banks and the government. This video is the first in a series for the Bloomberg New Economy Forum. (video by Menglin Huang) (Source: Bloomberg)






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