In Urban China, Cash Is Rapidly Becoming Obsolete

Can confirm, in most supermarket, paying take literally one second. You pull out your phone and show your Alipay/WeChat QR code, the cashier scans it and 1 second later it's done.

People paying in cash is a small minority

Speeding up lines, they also can have more clients for less cashiers

In France, most people pay with a bank card, the rest with cash. The process is longer and less user friendly

Re: In Urban China, Cash Is Rapidly Becoming Obsolete

#7

Post by arkitaip » Mon, Jul 17, 2017, 2:35 AM UTC

It's a shame that WeChat outside of China is just a chat app. But I guess that when China is your home market, then that's all you really need.

Re: In Urban China, Cash Is Rapidly Becoming Obsolete

#8

Post by Taniwha » Mon, Jul 17, 2017, 2:39 AM UTC

EZ-E wrote: post #6

Can confirm, in most supermarket, paying take literally one second. You pull out your phone and show your Alipay/WeChat QR code, the cashier scans it and 1 second later it's done. People paying in cash is a small minority Speeding up lines, they also can have more clients for less cashiers In France, most people pay with a bank card, the rest with cash. The process is longer and less user friendly

Yeah but you do have to wait for the kid in front of you to finish chatting to his friends before switching to the payment part of wechat

Re: In Urban China, Cash Is Rapidly Becoming Obsolete

#9

Post by 2muchcoffeeman » Mon, Jul 17, 2017, 2:40 AM UTC

Is this faster than PayWave?

Ever since I could tap to pay with my card in AU, I have been going months without using cash. I usually still have money, but never use it. I've gone almost 2 months with literally 0 dollars in my wallet.

Re: In Urban China, Cash Is Rapidly Becoming Obsolete

#10

Post by throwaway91111 » Mon, Jul 17, 2017, 2:41 AM UTC

sjg007 wrote: post #4

Surprised that QR codes are not more ubiquitous in the USA. Seems like a great platform.

A great platform for what?

It's only as useful as the payment sourcs, and us credit/debit cards are terrible. I don't see how qr codes could do a lick of good.