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An article relating to this blog post on Finextra:

China emerges as a growth market for non-cash payments

China is fast catching up with the US and Europe as a growth market for non-cash transactions, according to the latest edition of the annual World Payments Report from The Royal Bank of Scotland, Capg...

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Not unexpected in China

China has shown what can be done when you are determined in many fields - from infra to business to high tech.

In EU we need much more levers to get the obvious things happening. Cash is costing merchants some 50 €billion per year - and of course every cent of this is paid by the consumer. Transparent pricing would show it to him -and help him to move to cheaper tools) and should be advocated by every consumer organization around. 

The mobile device will be cheaper than plastic in the endgame - and it always there and always connected to Internet anyway.


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Bo Harald

Bo Harald

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Transmeri, Demos, Real Time Economy Program,MyData

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Helsinki Region

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This post is from a series of posts in the group:

Innovation in Financial Services

A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.

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