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Mobile money erases China's ATMs
Manage episode 485588759 series 2506230
The number of ATMs in China has collapsed to just 800,000, a 25% drop in five years, as mobile payments dominate daily life. While urbanites enjoy frictionless transactions, the decline of cash infrastructure threatens to exclude older and rural populations who rely on physical currency. Is China's financial future leaving vulnerable groups in the past? On the show: Steve Hatherly, Niu Honglin & Laiming
409 episodes
Manage episode 485588759 series 2506230
The number of ATMs in China has collapsed to just 800,000, a 25% drop in five years, as mobile payments dominate daily life. While urbanites enjoy frictionless transactions, the decline of cash infrastructure threatens to exclude older and rural populations who rely on physical currency. Is China's financial future leaving vulnerable groups in the past? On the show: Steve Hatherly, Niu Honglin & Laiming
409 episodes
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