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China's experience with mobile payments highlights the pros and cons of a cashless society

  • Written by: Wanglin Ma, Associate Professor of Economics, Lincoln University, New Zealand
China's experience with mobile payments highlights the pros and cons of a cashless societyGetty Images

An increasing number of people are using mobile devices – their smartphone, a smartwatch or tablet – to pay for goods and services. Mobile devices allow people to complete transactions without using cash or a traditional bank card, making shopping quicker and easier.

Our recent research on China’s experience with...

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