Beijing has been dubbed China’s “smartest” city by a new survey based on Beijingers willingness to no longer carry around burdensome banknotes.
Recently a number of stories have been published in both Chinese and foreign media highlighting how China is quickly becoming a “cashless society” as the use of mobile payment apps, like Alipay and WeChat, become more and more widespread. Indeed, we can’t remember the last time we were forced to use a bill with Mao’s face on it.
Chinese tech giant Tencent, along with the Chongyang Institute for Financial Studies at Renmin University and French market research firm Ipsos, tried to measure this new phenomenon recently by asking residents of 324 different Chinese cities about how comfortable they were with using mobile payment systems.
Apparently, Beijingers are the ones most bravely charging forward into this brave new society, followed by those living in Shenzhen, Guangzhou and Shanghai.
According to the report, more than 70% of those asked said that they could get on comfortably for more than a week with only 100 yuan in cash, while 84% said that they were comfortable leaving home without any cash in their pocket, carrying with them only a mobile phone.
While this more convenient society may be first rising up in China, Chinese mobile payment giants hope to soon make it spread across the world, starting things out by following big-spending, globe-trotting Chinese tourists.
Follow Shanghaiist on WeChat