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Explore Cashless Society, How China Become Mobile First Country, World Largest Mobile Economy with 29,367 views, 232 likes, and 41 comments. Experience the impact of this video content that has captured audience attention.

Cashless Society, How China Become Mobile-First Country, World Largest Mobile Economy China is leading the cashless revolution. They are trying to reveal what a cashless society means for the world moving forward. Paying through mobile phones has become second nature for the majority of Chinese. By the end of 2021, around 903.6 million people utilized mobile payments in China, which equals roughly 64% of the overall population. In China’s largest cities, residents pay on average 80% of their monthly expenditures (roughly 5,000 Yuan) through mobile payment services, while in fourth- and fifth- tier city residents use these means for 90% (3,000 Yuan) of their monthly expenditures, according to a 2021 China UnionPay report. By the end of 2022, the cumulated digital payment value in China is set to reach 3.5 trillion USD, making the country a clear global leader for digital payments, followed by the United States with 1.8 trillion USD. 00:00 - Intro 01:32 - COVID-19 Boosted Online and Mobile Payments in China 03:40 - The History Of Mobile Payment in China 04:28 - How Does Mobile Payment Work in China? Custom Star Maps At Moment Of Your Choice - https://bit.ly/3L0av2J Smart Sunglasses - https://amzn.to/3wtmdMJ Venu 2 Smartwatch- https://amzn.to/3gHGKsu O2Ring Oxygen Monitor - https://amzn.to/3FZAyol Air Purifying Maskes - https://amzn.to/3CtyX9B 🛒 Our Items: https://www.amazon.com/shop/TrendyItems 💻 💻 💻 Free Handy Tools YOU must try 💵 💵 💵 Tubebuddy In-depth channel/video analysis– https://bit.ly/3y0SOc6 Amazon Prime - https://amzn.to/3mb0BzG 🛒 Our Items on Amazon: https://www.amazon.com/shop/TrendyItems Here at Future Now we aim to bring you the most informative, fascinating and engaging Technology videos on YouTube. 🔔 Subscribe To Our Channel: https://bit.ly/3nRoVH8 Copyright Disclaimer: Under section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. *DISCLOSURE* We are affiliated, but not sponsored by any product featured in this video. Some links in the description are affiliate links to products, which means if you click on them and buy the product, we will receive a small commission. Not being sponsored allows us to keep our own opinions and provide product reviews without bias. From the millions of products, we appreciate your support. #Cashless #chinatechnology #CashlessPayment

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