USEUROPEAFRICAASIA中文双语FrançaisHOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELWATCHTHISSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperMOBILEOpinionCartoonsEditorialsOp-EdColumnistsFrom the PressOpinion LineFrom the ReadersBureau ChiefForum TrendsHome / Opinion / Opinion LineChinese firms lead the way to cashless society
China Daily | Updated:2017-10-10 08:06Mobile payment.THE DEVELOPED countries have been left behind by China in the development of a cashless society. It is predicted that mobile payments will soon replace card payments as the most common payment method worldwide, something that has already been realized in some big cities in China. Beijing Youth Daily comments:
Baidu, Chinas largest search engine, and Jingdong, one of the countrys largest e-commerce companies, are following the lead of Chinas two internet giants Alibaba and Tencent in actively developing mobile payment services for use at home and abroad.
Chinas mobile payment business is already expanding around the world at a fast pace. Alipay, the third-party mobile and online payment platform established by Alibaba, can now be used in 33 countries and regions. While WeChat Pay, a similar payment platform owned by Tencent, is available in 13 countries and regions.
And it is not only Chinese travelers but also a growing number of foreigners that are enjoying the convenience of the digital payment solutions.
As the development of mobile payments shows, the changes technology is bringing to retail, services and finance are revolutionary, and China is establishing its advantages in internet finance, finance technology and related fields.
Chinas technological advantages can be transformed into a global advantage, and Chinese companies can take the lead in the evolution and upgrading of these sectors.
However, Google, Facebook, Amazon and Softbank have already given chase in the field, and Chinese companies will have to continue innovating to stay ahead of the competition.Related StoriesChinese firms lead the way to cashless societyGerman funnyman gets serious about cashless societyMalaysia Airports promotes cashless convenience with Alipay for Chinese touristsBeware of the temptation in cashless futureCartoonsUS citizens carry gunsGun violenceFace recognition failedDelivering unsafe messageAngela Merkel: Germanys iron chancellorAvoid the travel trapMost Viewed in 24 HoursFroum trendsShould swimming be compulsory for college students?Is car sharing the future of transport?ColumnistsKoike has thrown down the gauntlet to Abe and LDPTillersons talk is a counterbalance to recklessness of Trumps tweetsForumFeatured ContributorsChinese ideas make wavesNRA is a Vegas shooting accompliceChina Daily Bureau ChiefsChongqing and Chengdu City Cluster on faster trackXi-Ma meeting brings historic opportunitiesStar BloggersThe past 5 years: Chinas global leadershipGetting stared at in China: Cultural curiosity, globalization and racismBACK TO THE TOPHOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELWATCHTHISSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperMOBILECopyright 1995 -var oTime = new Date();
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