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How China became a cashless, mobile-first country

Daxue Insights  · 公众号  ·  · 2025-01-10 17:27
    

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Mobile payments in China have become a key part of daily life causing a clear shift to a cashless society across the nation. This change is reshaping city living and making it simpler for foreign guests to adjust. As China keeps opening up, including the recent growth of its visa-free transit program, travelers from other countries can now use mobile payment apps that Chinese citizens used before. These apps let foreigners pay for everything from transport to shopping without needing cash or foreign credit cards. This shift is part of China’s broader push to modernize its financial infrastructure, creating a more inclusive and accessible economic environment. As visa policies become more flexible and payment systems more user-friendly, foreign visitors are finding it easier to adapt to China’s cashless society. This fosters smoother interactions and greater global connectivity. Mobile payment adoption in China According to iiMedia Research, in 2024, mobile payments were the most wi ………………………………

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