The first nation to adopt paper money more than 1,000 years ago, China might now become the first to abandon it. The world’s most populous nation is becoming increasingly cashless, with over 70 percent of its population they don’t carry around cash on a daily basis.
From unmanned grocery stores where customers can enter and purchase goods with their phones using QR codes, to transportation to dining out, the industry of cashless payments is booming.
Full report here
Reporting by Grace Lee in Beijing