1. China Forgets Wallet.
- Author
-
MOZUR, PAUL
- Subjects
- *
MOBILE commerce , *ELECTRONIC funds transfers , *TECHNOLOGICAL innovations , *TOURISTS , *BUSINESS travelers - Abstract
The article reports on the dominant use of mobile payments in China, making paper money and coins obsolete ones. According to Richard Lim, managing director of the venture capital firm GSR Ventures, the issue is one of the single most important innovations that happened in the country and solely taking place in China. The negative impact of the mobile payments use on tourists and business travelers who will find it hard to turn their phones into wallets is tackled.
- Published
- 2017