Mobile payments: China’s cashless revolution In an earlier report, we highlighted the case study of a Channelnewsasia reporter who experimented living a day in China without cash. The conclusion of that report is that it is indeed very possible to live in China without any physical cash if you have WeChat Pay or Alipay installed on your smart phone. However, while the facilities are there in place to enable a ‘cashless’ lifestyle, just how prevalent are mobile payments in China? In Q1 2017, Chinese consumers spent 18.8 trillion RMB (S$3.84 trillion) via mobile payments last year. This is nearly 50 […]