China moves further towards cashless society

Bitcotalk

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Quote from: ichai on October 03, 2018, 07:27:52 AM

I think that is just a small side of a big city in China. In fact, China has many places where there are poor people. We should not just look at one aspect of the whole country.

That is right. The fact that China has a very high GDP is just because of its production sector and huge exports and this sector is run by labors that get minimum wages.

I do agree that there might be allowances given by the government but the GDP per capita is exaggerated for not all the people have the similar income and the richest of them are over masking the poor. SO it is not very easy to completely shift to the cashless society.

ripthesystem

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Abruptly excluding cash form of payment from stores is not the right way to proceed to cashless payment.
You can`t expect 100% of population to be aware of cashless payment - transition shall be done gradually.

Other than that, this is very positive trend - cashless payment is much more convenient to my taste.

zubrr51

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The desire for cashless payments is normal for modern society. In addition, you do not need to spend money on the production of bills and coins.

fullhdpixel

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Quote from: Thanasis on October 04, 2018, 01:08:42 AM

So China will abandon all the people who don't have wechat or don't know how to pay through cashless format? I don't think this is appropriate manner they need to provide all the available payment method and leve it to the people to use what they want,imposing some system by arrogant commands will leads to lot of problems and hate against that system.

China has just been doing freaky things over the years and I am not surprised that something like this would be coming up. There is just this thing about them and using force to want to do everything, well, I understand that is something that is applicable to their system of governance over the years anyway. It is really not appropriate to start putting things by all means on every individual.

What happened to choice? What happened to freedom of will? Honestly, it is just appalling and I wonder how the citizens really cope in this region, would have moved out long ago for greener pastures where I would not have to live the day thinking of the government coming up with some silly policies that will affect a lot as it segregates some set of people.

sevenjoy

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Quote from: vit05 on October 01, 2018, 11:31:34 PM

South China Morning Post

An argument between staff at a cashless supermarket in northern China and an elderly man who did not know how to use his smartphone to buy a bunch of grapes has revived calls for help for those left behind in the digital economy.

The 67-year-old man, identified only by his surname Xie, tried to use cash to buy the fruit at a supermarket in Jixi, Heilongjiang province, on Sunday, video news site Pear Video reported.

Checkout workers rejected the money and insisted that he use his phone to pay via either WeChat Pay or Alipay, prompting the argument, according to the video.

Alipay is owned by Alibaba, which owns the South China Morning Post.

“I’ll leave if you don’t take the cash,” Xie said in the clip.

“Well, leave if you can,” the cashier replied.

As China goes increasingly cashless, PBOC says cash payment is still alive
Xie took the grapes and approached the door but was stopped by security guards.

“I know it’s not right to leave without paying,” Xie said. “But I have real yuan in my hands. It’s not fake money. Why are you humiliating this old man for not knowing how to use WeChat?”

A security guard later helped Xie process the payment with cash, the report said.

Nice story, I really enjoyed. Thanks for sharing with us. It is a lesson for the rest of the world that they should also use digital currency instead of cash. China has fast growing economy in the world and takes number one in the list. It is right that they are the highest users of digital currency in their country. It is good because they feel ease while using their digital currency.

Kittygalore

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Quote from: vasilev456 on October 02, 2018, 06:25:41 AM

In fact, with such rapidly growing technologies, it is a pity for old people who simply do not understand some of the nuances ...

This is one of the conflict between the generation x and the millennial or simple the old generation and the present generation. It is one of the gap that should be filled. The problem of technologies which is needed be conceptualized more for the improvements of the both parties.

Kevin77

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Quote from: tweetbit on October 04, 2018, 01:12:49 AM

That’s offensive and aggressive approach of a cashless transaction to an elderly man is unacceptable and harsh.
Kudos to that security guard with kindhearted attitude for helping him, if I was the one being embarrassed by that cashier then he/she must face my revenge. “I will buy him/her”.

I do agree of changes, but give it some time for others to know.

A change is something that is inevitable but just like you said it is a good thing to allow it to come natural. Most of this old folks are too old to start fixing their heads on the idea of these new technologies that keeps popping up and it really takes the younger generation to quickly blend with it. Over years, these old generation will definitely pass away and it would be surprising to see how things would evolve it automatically.

All the above, trying to pull a stunt like this is just uncalled for and even as much as we know that cashless can really help, it does not mean you should just all of a sudden start imposing things. A slow progress alone will sustain for serving its purposes, rapid things may go away in rapid.

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Quote from: vit05 on October 01, 2018, 11:31:34 PM

South China Morning Post

An argument between staff at a cashless supermarket in northern China and an elderly man who did not know how to use his smartphone to buy a bunch of grapes has revived calls for help for those left behind in the digital economy.

The 67-year-old man, identified only by his surname Xie, tried to use cash to buy the fruit at a supermarket in Jixi, Heilongjiang province, on Sunday, video news site Pear Video reported.

Checkout workers rejected the money and insisted that he use his phone to pay via either WeChat Pay or Alipay, prompting the argument, according to the video.

Alipay is owned by Alibaba, which owns the South China Morning Post.

“I’ll leave if you don’t take the cash,” Xie said in the clip.

“Well, leave if you can,” the cashier replied.

As China goes increasingly cashless, PBOC says cash payment is still alive
Xie took the grapes and approached the door but was stopped by security guards.

“I know it’s not right to leave without paying,” Xie said. “But I have real yuan in my hands. It’s not fake money. Why are you humiliating this old man for not knowing how to use WeChat?”

A security guard later helped Xie process the payment with cash, the report said.

Sick story. Payments using a cashless method should be encouraged by discounts...but not imposed as the unique method of payments.
Till there is cash printed and circulating, you cannot impose people to not using it.
Back to cryptocurrencies, it should also be encouraged

Thanasis

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Quote from: timerland on October 05, 2018, 06:45:43 PM

Obviously, most western nations are nowhere near the level of cashlessness that China is already at.

The question really have to be asked of whether cashlessness is really something that will be advantageous, especially when the cashless nature of transactions are facilitated by payment processors which are centralized, and have close ties to the government.

From articles that I've read I generally see that most Chinese people have already made the switch to cashless daily transactions, and cash is a rarity these days within the country. Are these people left behind though? Probably, in one way or another if they're not technologically literate.

The reason for the centralized cashless economy is they want to record all the transactions happening in their country so they can make more revenues from the taxes but it don't have much advantage to the people other than carrying less weight wallet since all our money can be in the cards just because card purchases have lot of hidden fees which can increase our expenses other than paying with paper money.

timerland

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Obviously, most western nations are nowhere near the level of cashlessness that China is already at.

The question really have to be asked of whether cashlessness is really something that will be advantageous, especially when the cashless nature of transactions are facilitated by payment processors which are centralized, and have close ties to the government.

From articles that I've read I generally see that most Chinese people have already made the switch to cashless daily transactions, and cash is a rarity these days within the country. Are these people left behind though? Probably, in one way or another if they're not technologically literate.

visionE2

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I think all countries have developed cashless society, many countries have been applied e-money on all transaction in their countries, but they still don't use blockchain technology

nl247

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Quote from: gambitcoin53 on October 04, 2018, 01:47:46 AM

if china is really pushing its way to accommodate cashless purchases, i think they are setting a new pace there, i think if they will continue to practice this, they are more likely going in for a cashless society, even the customer is at an old age, they never considered it and insisted the use of cashless payment, i hope this will furthermore pushed, and more and more country will follow until the use of fiat will be diminished.

Accommodating cashless is one thing and trying to impose it on people is one other thing. Sometimes, I usually feel like living in China for the citizens would just be like living in bondage as the government could just wake up one morning, come up with some B.S and then just expect everyone to adhere to it, without even a single deliberation on it.
How do they then want the old ones to survive? Technology is not what you impose on people, it evolves itself naturally, and this is the same thing that would happen with cashless as money is experiencing an evolution, and in that case, you cannot just stop considering the old folks that are still in existence at the moment.

beerlover

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That is really something not so good, I must say. In as much as we keep talking about the cashless age being the future, I believe it is something on its own that will gradually diminish, but in this case of these old people being left out for not being able to adapt to the new ways of doing things, is really not a good one.

Moving forward towards a cashless society does not mean you should at least have a way of either enlightening people first or at least considered that some people are still living a borrowed time, but they are still living.

Probably, in this kind of scenario, the cashiers would have just left the old man stranded or being denied his craving for grapes all in the name of not going cashless. That is preposterous!

pamsugas

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as good as if in a country want to pay without cash must be slowly because there are still many people who do not understand using this smart phone input from me

sinkfish

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Quote from: Thanasis on October 04, 2018, 01:08:42 AM

So China will abandon all the people who don't have wechat or don't know how to pay through cashless format? I don't think this is appropriate manner they need to provide all the available payment method and leve it to the people to use what they want,imposing some system by arrogant commands will leads to lot of problems and hate against that system.

the truth is rather brutal. What China have is human capital. China would not hesitate to enforce even better tech to control its citizen in the expense of some of them. for them, its consider collateral damage. self sacrifice for the betterment of others mindset is strong within their people. different from most of the western country, personal rights is much more important than everyone interest.

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Quote from: Biscutard on October 03, 2018, 10:13:00 AM

Why bother buying on that store if they don't accept your money? Come on? It's not the only stores that existed in your place, just go find a store that accept cash. While this story might be true or just made up, they shouldn't push on what they want to do to their customer. Cash is not dead yet so why would they do that?

"Don't like it? Go to another store!" - is not how customers should be treated. It's good that in this particular case there was this security guard who helped the elderly. I don't think this story was made up, but actually something like this worth inventing because it can be a good scenario for social advertising. Cash will not disappear completely during our lifetime. There will be always people who prefer dealing with it. I even think it will never disappear because it is so convenient in some cases. So, moving towards cashless society we should reserve the room for cash also.

nazaididuan1

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China's mobile payment is developing very fast!
Alibaba's Alipay is used in most countries around the world!
And mobile payments are safe and the possibility of being stolen is low!

Green_Bulb

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It is still too early to go full cashless, even for China. The process of switching to cashless payment shall be done gradually.
People need time to learn how to use new technology, and first of all they need a good incentive to learn - not enforcing and refusing to accept cash, but proper popularizing and education.

ice18

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The supermarket must have an option for paying cash for customers who are not using smartphones like elderly people to avoid such kind of problems this is purely poor management and customer service assuming that all people are using cashless payments or either put stickers on the main door that this store is for cash less payments only.

Dimon8

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I live in a corrupt, industrially undeveloped, puppet country of Eastern Europe, where the Internet is accessible to 50% of the population. But even in this country, the government is adopting laws that provide for minimal use of cash money and a gradual transition to electronic money.

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