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China cashing out as mobile payment soars

Gross merchandise value of third party mobile payment rises over 200% to 38t yuan in 2016 from 2015: iResearch

A woman looking at QR codes used for scanning payments at a seafood stall at a market in Beijing. Here, it is hard to find a product or a service that cannot be purchased with a mobile phone. Some restaurants in the capital no longer accept bank notes while it is common for motorbike taxis, street food carts and hair salons to offer mobile payment.


YANG Qianqian holds out her smartphone to scan a barcode on the mobile of a vendor selling fresh fruit and vegetables at a bustling outdoor market in Beijing.

The dance student is part of an explosion in the use of mobile payment platforms in China as consumers increasingly...

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