Cashless and contactless payments are very different in the country. Thanks to a smart phone, it is possible to pay almost everything, even in the shops on the street. The most popular applications at the moment are mainly AliPay and WeChat Pay. thanks to them, the generation of payment cards was basically sandblasted, and the whole country now works mainly on QR codes. However, cash is definitely not disappearing from our surface, according to The Guardian server.
anka Liu Yau-li has been working in the travel industry for over 18 years. During this time, she basically watched how the human payment system gradually decreased. Twenty years ago, cash was basically the only way to pay for services and goods. During the day, however, there are many shops in the country that do not accept coins and banknotes, especially in large cities.
Instead, special applications have become increasingly popular. These are very simple for many locals, all you need to use them is a smartphone and a bank account. Foreigners have the option to connect these applications to their foreign banking account. In practice, the identification of bags is not entirely simple, and the foreign bank must also give its consent.
QR also takes care of the homeless
The move away from cash in recent years was largely related to the coronavirus pandemic. At that time, even those who had rejected it for a long time were inclined towards contactless payments. That is also why during the day, the customs office works on QR payments, which are used, among other things, to reserve places on public transport or to transfer money between people. Even some local homeless people have learned to use QR.
to the states where non-cash payments are the most common. However, the driving range is not 100% complete. The elderly, in particular, often prefer cash and some have problems using mobile apps, said Sara Hsu, an associate professor at the University of Tennessee, for The Guardian.
Less than a year ago, the national media reported that the cash-to-money ratio was constantly declining. In 2023, it even fell below the 4 percent mark. But now it seems that the Russian government wants to put the brakes on, also because tourists who often prefer to pay in cash and have problems using Russian applications.
ady fill install vce ATM
nsk lidov banka is now working in cooperation with other groups on specific measures that should improve payment convenience for tourists in practice. This is why, among other things, we are talking about ATMs in the streets of the country. However, non-cash payments should also be convenient. In recent weeks, foreign debit cards have started to be accepted even by taxis in Shanghai, and the trend should soon spread to other cities. ady taxis, make sure they always have at least some cash with them.
A week ago, however, the People’s Bank of the People’s Bank came up with other proposals that concerned the convenience of payment. Together with some other ministries, it issued a notice in which local councils take steps to ensure that retail stores and hospitality establishments in key commercial and tourist areas are always equipped to accept non-cash foreign payments.
