MOBILE WALLET
Today, technological advancement has enabled China to lead the way as an emerging cashless society. The Chinese now use their phones to buy food, pay bills, ride buses, invest in stocks, purchase insurance and donate to charity. China's leading mobile payments Alipay and WeChat Pay are making a dent in the global payment market.
WeChat Pay has covered more than 130,000 overseas businesses in 13 countries and regions, supporting settlements in 10 currencies. Alipay has entered more than 200 countries and regions supporting settlements in 18 varieties of currencies with more than 40 million overseas merchants using Alipay for settlement.
A customer gets ready for QR code payment at BingoBox, an unmanned store in east China's Shanghai, July 21, 2017. The 15-square meter store has no cashier, which accepts self-assisted payments by quick response (QR) codes. (Xinhua/Ding Ting)
