Cash is king — for now: China signals it will slow transition to cashless society

The Guardian

Lean Left

Mixed Factuality

Independent: Scott Trust Limited

Cash is king — for now: China signals it will slow transition to cashless society

With tourists struggling to access the two primary digital payment apps, Alipay and WeChat pay, Beijing has put measures in place to make cash payments easierFor 18 years, Liu Yau-li has been bringing tourists to China. In that time she’s seen the full evolution of China’s digital payment system. Twenty years ago, she says, everyone used cash. But today it’s not unusual to find places that can’t or won’t accept cash at all, particularly after th…