Mobile payments overtake use of cash in China

[@jjliang556]

The china mobile payment is based on the coverage everywhere 4G network and smart phone everywhere,that is the key point

[@XJLCA]

Not true. You don't need constant internet access to use Alipay.

[@anonymousanonimity6718]

when I was in elementary school, text books said the gap between china and developed countries is like 100 years, now maybe 20 years, and the gap is closing fast, in every corner

[@little9draganchan515]

Super convenient!

[@coojsta69]

little9dragan Chan super bullshit when you're battery dies

[@oachkatzl8098]

You can charge it anywhere in urban areas...

[@WangGanChang]

coojsta69 You can always charge it in the public charging stations. They are everywhere in China.

[@jesseleeward2359]

How is it convenient?

[@spoortifyy]

Half the people in this comment section doesn’t understand what this is . There is no bank involved in this cashless system

[@manhin2365]

We have the same here in Indonesia, with gopay, ovo, etc

[@onwardandupward-t1g]

when you, the purchaser, enter the cost/payment on the phone, how does the seller get a confirmation and a confirmation on the correct amount you, the purchaser, typed it... without showing the seller?

[@deonbenjamin5650]

In indonesia, there's a notification on the seller phone. I think the same thing in china

[@paulkimathi6605]

We have had mobile money in kenya for the last 10 years.

[@guilima3097]

Yes, but do you have food?

[@何古杰]

Paul Kimathi I think this vedio is talking about mbile pay not mobile banking ,the thing u talking about is mobile banking,like depositing mony ,sending mony to some one .mobile banking system in east Africa is very convenient ,but its not mobile pay there are few people use mobile to pay here most of people still use cash to shopping .

[@timelessd9096]

China is the first country to use payment by mobile phones as Alipay was formed in 2004 for this purpose. Apple pay, on the other hand, was formed in 2014 and copied Alipay (however, western media would not want to point this out as this is another example of western companies copying China).

[@jjliang556]

That is intereasting,your country guys already use the cellphone to pay for everything without cash everywhere last 10 years ago？that time maybe even no 3/4G network,how you can use the smart phone pay for it？maybe now your country still not common use the smart phone and the 4G network，so bro，how you can do that，i doubt all your mentioned mobile money is completely different from china.

[@jaysonrobles25]

Apple Pay copied the japanese NFC payments the japanese have NFC payments since 2004

[@purnimachaudhari]

Biggest profit to Chinese are NFC enabled smart phones. This eliminates Internet completely,, the profit India does not have. NFC use is subject to cooperation from vendors completely. China has edge over India in this facility.

[@anselronnie1985]

To be honest, I don't use cash for years，nowhere in a city we can't see QR code

[@roddale8412]

No privacy with electronic cash. Governments, banks, corporations, police can monitor your purchases. Imagine some interferring public health body telling you to stop buying too much chocolate. Coins & notes might be more cumbersome but they are private.

[@kongwee1978]

Don't use computer & mobile phone. You will be totally safe.

[@kukakon7647]

don't use credit card, which also has your data and personal info

[@leezhieng]

don't open a bank acccount, they will know how much money you have.

[@zcqin7883]

Do not tell the truth

[@cnvampire]

most fear caused by ignorance.

[@TheKeithvidz]

few people have normal bank accounts here.

[@Ra-go9kb]

Are you kidding me? The premise of mobile payment is normal bank account!

[@TheKeithvidz]

@@Ra-go9kb not how the vid presented it - you are nowhere near a bank.

[@capespring]

how do they ward off a persistent ddos?

[@yf4044]

Alibaba and Tencent are two huge companies and their servers are extra-tolerant

[@little9draganchan515]

Seen 53 million people watching live streaming at the same time. The infrastructure is amazing!

[@Maurazio]

with cash when it happens lol

[@Brandonhayhew]

What about hacking if become a huge problem in China?

[@wwnetmentality6252]

Self-explanatory.... OCGs are already shaking down their tech guys for a scheme. In this world. Cash is the only thing worth spending.

[@garyz2407]

soyon manlai Then ask them to have a try. All the best hackers in China are recruited by Tencent and Alibaba to protect their server and fix bugs inside system. They have channel to directly cooperate with police. Those kind of people called white cap in China.

[@BluRey100]

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[@mohdrehankhan3635]

people get fooled easily by NOT using cash or hard money easily...... you will never know how much money will spend untill and unless you use hard cash........ this is a strategy

[@jjliang556]

Drive car make you lose your running skill and use and calculater make you lose your calculate skill, I agree with you

[@John-vk1ij]

@@jjliang556Very good point.

[@AleksandrVasilenko93]

Why this isn't popular in the US i don't know

[@purnimachaudhari]

Payment of heavy MDR charges and non cooperation of vendors in US.

[@pedrojamalserrano4008]

I do have Aliexpress in my hands to buy online and offline.

[@CptDaves]

The government has access to a data bank that can tell them what every citizen paid for and where and when they made the transaction. They only need cash to pay hookers and drug dealers.

[@Am3n26]

We've had mobile money transfer for the last decade in Somaliland

[@fr---dq3gg]

Mo sam think about the size mate

[@pietjan2650]

I dont see a problem with debit cards

[@jvs333]

Welcome to the future!!! The future is already here... this like when the automobile first came to being all the horse and buggy people were in denial of the future.

[@jqyhlmnp]

Finally, catch up America!

[@Ida-xe8pg]

china is preparing to become no1

[@StorysofAfrica]

Kenya is just doing the same

[@jjliang556]

Your country is mobile bank for deposit and others， completely different from china‘s mobile payment system，please check it carefully

[@yilongliu2353]

can u buy street food with scanning QR code?

[@dhruva128]

Yeah... kenya do not need internet for any transactions. they just send or pay money by typping ussd codes

[@carlewen-lewis3305]

What about data usage, how expensive is data in China?

[@garywzh]

Carl Ewen-Lewis 1 usd per GB

[@asrafhavej3283]

Please forwarded this video to our pm Narendra Modi to give message without demonetisation cashless India is possible teach china.

[@MrFako100]

Siew mai!

[@tigerlord637]

Awesome! It's the future.

[@tenzackyogi1742]

My relatives forced me to use this shady app.😡

[@stephenkobby1585]

They shouldn’t forget about the mark of the beast

[@dekaorange9611]

Ugh majority of them aren't Christian so just stop that.

[@murgiani5729]

I like

[@abdelhamidatabani7939]

can you please share the most popular SMS Money Transfer app in China and Somaliland ? with many thanks ... my email a.atabani(at)gmail(dot)com and whatsapp [phone] >> thanks allot

[@hoowoo235]

U mean government steal ur bank account? Funny