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Form Mobile Payment to Cashless Society

Hot 5680 views. 2017-10-23 21:32

As we know, China was the first country in the world to invent and use paper money. However, quite a few economists predict that China could become the first cashless society within the next decade.
 Staying cashless has become the norm in many cities in China. A growing number of people prefer to use mobile payments rather than pay in cash. Even food stands furnished with printed QR codes to accept mobile payments. As a matter of fact, compared to a diversity of inventions in new times. The scientific and technical content of mobile payment is lower. However, the basic environment of China's mobile payment has been developed. I think the effect is of paramount importance and it owes a great deal to the convenience of mobile payments. Afterall, people can easily move around with little or no cash in that way.
 However, the proliferation of mobile payments also aroused security concerns. The Better Than Cash Alliance of United Nations says mobile payment innovation and regulation and actively taking measures to reduce financial risk and fraud.

Post comment Comment (9 replies)

Reply lv. 2017-10-23 22:12
It's really convenient for us to use mobile payments. And I even get used to bringing just one mobilephone when I go out. What's more, I hope one day I could not have to bring my subway card, either.
Reply Fanning 2017-10-23 22:24
Mobile payments has become more and more epidemic nowadays.It also brings about much convenience for us.At the same time ,the burgeoning ways of consumption alao has some faults like lacking of security assurance, but I believe that governments and sectors must cooperate to tackle with the problem.
Reply ohsehun 2017-10-23 22:34
In my opinion, the advantages of mobile payment outweigh the disadvantages. I think the trend of the Times will be convenient and fast, and mobile phone payment has done it well.
Reply IAMAMBER 2017-10-23 23:08
What could we do if our phones are out of juice? I think wr can not achieve the cashless society completely. Paper money is still of great importance in some special circumstance.
Reply hanzo0124 2017-10-24 13:04
The times are developing, and the way of dealing is simpler. But there are bad things. I almost hit a tree when I paid it with my cell phone.
Reply direction 2017-10-24 14:02
lv.: It's really convenient for us to use mobile payments. And I even get used to bringing just one mobilephone when I go out. What's more, I hope one day  ...
With the development of technology, I can imagine that our  daily  life  will  be  more  and  more convenient in the future.
Reply direction 2017-10-24 14:10
IAMAMBER: What could we do if our phones are out of juice? I think wr can not achieve the cashless society completely. Paper money is still of great importance  ...
I think cashless society will come in the future.But in  recent years  we still have  to  use  it because of the  developing Internet  system.
Reply direction 2017-10-24 14:14
ohsehun: In my opinion, the advantages of mobile payment outweigh the disadvantages. I think the trend of the Times will be convenient and fast, and mobile pho ...
I agree with you. What we should do is overcoming all kinds  of  weaknesses of  mobile  payments.
Reply direction 2017-10-24 14:18
hanzo0124: The times are developing, and the way of dealing is simpler. But there are bad things. I almost hit a tree when I paid it with my cell phone.
I think you'd better stand at a safe palace to use your cell phone .

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