Mobile first

In China, money doesn’t count a lot anymore. It is all about the smartphone! Everyone is just paying via QR code, which is connected to WeChat or Alipay. Tencent and Alibaba are not only social media or e-commerce platforms anymore, they are actually very strong in financial services.

If you go out for lunch or for some drinks after work in a group, one single person will take care of the bill and the others will just digitally transfer their share to that person’s account. This is very convenient and no one actually uses cash anymore (besides the weird German who still has Cash only ...)

And if your smartphone ever runs out of battery ... the next charging station is only one store away :) and you will pay for the electricity by ... of course: digital currency.Read more