Friday, April 23, 2021
Tags Chinese cashless payments

Tag: Chinese cashless payments

Digital Cashless Payments in China Grew 48% in 2018: Bank for International Settlements

Data from the Bank for International Settlements (BIS) indicates that cashless payments in China are continuing to see robust growth.

Chinese Central Bank Calls for Digital Currency R&D, Will Combat Refusal to Accept Cash

The People's Bank of China (PBOC) says it is driving further research and development of digital currencies, while also calling for measures...

PBOC Issues First Ever Penalty for Refusal to Accept Cash Payment

As the cashless revolution sweeps China's consumer market, the Chinese central bank has started to issue fines to businesses that refuse to accept cash...

Consumer Complaints over Cashless Payments Prompt Central Bank Intervention

Widespread complaint over the increasing number of Chinese businesses that refuse to accept payments in cash has prompted intervention on the part of the...

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