Framing Yachting, PR & Digital Mgmt, Coastal RealEstate, Asia and Destinations.
Report: 01 (31. Dec. 2018 - 13. Jan. 2019)
Article Update of the Report 01, 2019!
China orders to stop rejecting cash
As mobile payments are so popular in China many shops only accept electronic money. Now Chinas government orders more than 600 merchants to stop rejecting cash. Following the central bank’s order, the stores have started accepting cash again.
One of them are the Hema stores chain owned by the tech corporation Alibaba with his product Alipay where clients pay for their purchases with the Hema App. They opened 65 Hema retail stores in China over the past year rejecting cash. Now they boast online and offline shopping experience promoting Alipay were clients cannot pay with cash at all.