Payments News


China To 600 Retailers: We Are Not A Mobile Payments-Only Society

“It’s kind of odd how often this has happened, but it seems that any time a government has pushed for a cashless society, it’s drawn back at the brink. The Indian government demonetized most—but not all—of its currency. Sweden’s push to go cashless prompted regrets of its own. And now China, where mobile payment were on track to become king, recently got personally involved, as the government ordered over 600 merchants that they must accept cash.”