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Chinese Love Money, Just Not The Paper Kind
Andrew Collins
  • Feb 24, 2018

Chinese Love Money, Just Not The Paper Kind

Dear Destination Leaders, Those of you who’ve visited China in the past 12 months will have noticed an extraordinary thing going on with people’s wallets… there were none. In just 3 years China has all but completely transitioned into a cashless society, and it’s bloody awesome (that’s Australian for great)! China’s mobile payments totaled 81 trillion yuan ($12.77 trillion) in just the first 10 months of 2017, the world’s largest volume, as reported by the Xinhua News Agency.

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