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

Ma, Wanglin; Zheng, Hongyun; Vatsa, Puneet

Publication

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

Author

Ma, Wanglin, Zheng, Hongyun, Vatsa, Puneet

Date

2023-03-14

Type

Other

Collections

Department of Global Value Chains and Trade

Fields of Research

ANZSRC::350601 Consumer behaviour, ANZSRC::350602 Consumer-oriented product or service development, ANZSRC::350299 Banking, finance and investment not elsewhere classified

Abstract

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.