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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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