The rise of mobile payments has made
cashless transactions more prevalent than ever.
现金支付的普及使得无现金交易变得越来越普遍。
Many cities in China are推行
cashless initiatives to encourage a smoother economy.
中国许多城市正在推动无现金计划，以促进更顺畅的经济运行。
The elderly population is often left behind in the
cashless society, as they struggle with digital payments.
在无现金社会中，老年人常常被边缘化，因为他们难以应对电子支付。
The
cashless transition has led to a decline in physical currency circulation and storage.
现金流转向无现金模式导致实体货币流通和储存量减少。
In the future, we might see a completely
cashless world, where even small purchases can be made electronically.
未来的世界可能会实现完全无现金，连小额购物都能通过电子方式完成。
Businesses that don't accept card or digital payments risk losing customers in a
cashless society.
不接受银行卡或数字支付的企业可能在无现金社会中失去客户。
Governments are grappling with the challenges of a
cashless society, including privacy concerns and potential exclusion of the unbanked.
政府正面临无现金社会带来的挑战，如隐私问题和未银行化人群的排斥。
The COVID-19 pandemic accelerated the shift towards
cashless transactions due to hygiene considerations."
COVID-19大流行加速了向无现金交易的转变，出于卫生考虑。
Cashless transactions have simplified tax collection and reduced corruption in some countries.
无现金交易简化了税收征收，并减少了某些国家的腐败现象。
Despite fears about job loss in the cash-handling sector, the
cashless trend is creating new employment opportunities in technology and financial services.
尽管有人担忧现金处理行业的工作岗位流失，但无现金趋势正在金融科技和服务领域创造新职位。
Users of these e-wallets can use their own payment app wherever Alipay works to enjoy cashless payment and transparent and competitive exchange rates, the company said.
该公司表示，这些电子钱包的用户可以在支付宝工作的任何地方使用自己的支付应用程序，享受无现金支付和透明且有竞争力的汇率。
The company's Tiqmo joint venture in Saudi Arabia focuses on the fintech industry and is powered by Chinese technology giant Swiftpass, helping accelerate Saudi Arabia's move toward a cashless economy, while the company has also collaborated with SF Express, China's leading integrated express logistics service provider, to establish the AJ Express joint venture and bring the latest advancements in logistics to the kingdom, he said.
他指出，该公司在沙特阿拉伯的Tiqmo合资企业专注于金融科技行业，采用中国科技巨头Swiftpass的技术，助力沙特阿拉伯向无现金经济转型。同时，公司还与中国的领先综合快递物流服务提供商顺丰速运合作，成立了AJ Express合资企业，将最新的物流技术引入沙特。
Responding to the World Health Organization’s call for cashless payment since the COVID-19 outbreak, UPI has been developing use cases for contact-free transactions such as online or mobile payments while optimizing its card acceptance.
响应世界卫生组织在COVID-19疫情爆发后对无现金支付的呼吁，UPI一直在开发用于无接触交易的用例，如在线或移动支付，同时优化其卡片受理能力。
"He added that many cutting-edge technologies－such as artificial intelligence, big data analytics as well as contactless and cashless technologies－have been deployed during the COVID-19 pandemic and have become key to providing increasingly customized products and services.
他补充说，许多尖端技术——如人工智能、大数据分析以及无接触和无现金技术——在COVID-19大流行期间得到了应用，并已成为提供日益定制化产品和服务的关键。
Huawei said in a statement that payments are now made easier and more secure in Malaysia by simply adding one's bank cards to Huawei Pay, a mobile payment tool that provides contactless, cashless payment service for Huawei smartphone users.
华为在一份声明中表示，现在马来西亚用户只需将银行卡添加到华为Pay，就能让支付变得更便捷、更安全。华为Pay是一款移动支付工具，为华为智能手机用户提供非接触式、无现金支付服务。
For example, Luckin's quick expansion to size stores and emphasis on delivery services and cashless payment have stimulated the prevalence of delivery and store pickup services in coffee chain brands across the country.
The product was launched by Central JD Fintech, a joint venture set up in 2017 by JD Digits and Thai retail giant Central Group, which is expected to promote a cashless society by leveraging the former's fintech expertise and the latter's retail presence.
Merchants who start accepting Alipay for marketing and payments "will also be in an extremely advantageous position when we allow Vipps and ePassi users from Nordic countries to scan those same QR codes to make cashless payments via their app," she said.
It is now more convenient for me to lead a 'twin' life as I no longer need to bring cash to Shenzhen, but can enjoy a cashless day with only a mobile phone in my hand," he said.
One of the people told Reuters earlier the new unit would also include Alibaba's Hema Fresh, a chain of cashless supermarkets offering fresh produce and food delivery.
Since opening up 40 years ago, China has transformed into a country that is at the forefront of various technological advances, such as cashless mobile payments.
There is the power of our membership platform and the fact that almost 60 percent of sales were cashless by the end of 2017 from 100 percent cash in mid-2015.
The combined WeChat and Alipay cashless payment options achieved more than 60 percent of Starbucks' store payment tender by the end of last year.
One of them is how China has embraced technology at such a large scale and created a cashless society.
Many countries have tried to move toward a cashless society but have been unsuccessful.
As Ant Financial pushes its global drive to tap into Hong Kong's cashless payment market, the tech giant is forming a joint venture with tycoon Li Ka-shing's CK Hutchison Holdings (CKH) to sign up more local users.
Alipay has extended its cashless payment network in many countries but is mostly for the convenience of mainland tourists going abroad.
Currently, the most dominant cashless payment in Hong Kong is the Octopus card, a rechargeable card that is widely accepted by Hong Kong residents to pay for transportation, as well as items at convenience stores and small retailers.
The new partnership will promote a more efficient and productive cashless society in Hong Kong, the statement said.
During a press conference held inside the market, Pipavin Sodprasert, Thailand country manager for Ant Financial, which operates Alipay, told Xinhua that there are some 20,000 Thai businesses using their service and they aim to provide the convenience of QR Code payment, enjoyed by many Chinese now, to Thais, which is consistent with Thai government's target of cashless society.
Ahead of last year's G20 Summit in Hangzhou, he uploaded a video in which he went through a cashless day in the city using Alipay, the country's biggest mobile payment tool, from taking bus rides, paying bills to borrowing umbrellas free of charge.
[Photo/VCG]SINGAPORE - Alipay, China's leading cashless payment platform and a subsidiary of Alibaba's related company, Ant Financial, on Tuesday signed a partnership agreement with a Singapore-based digital payment provider CCPay to offer cashless payment services to retailers in Singapore.
According to the agreement, CCPay will help Alipay expand the use of the cashless payment platforms in Singapore so as to give convenience to Chinese tourists here.
The cashless payments will be firstly introduced in merchants around the Chinatown area, said Jed Huang, Founder and Director of CC Financial Services, the owner of CCpay, at a press conference here on Tuesday, adding that there are plans for further expanding the services to other shopping malls in Singapore later.
"With Alipay's scale and expertise in the field of cashless payments, this collaboration with CCPay will provide a platform for merchants to facilitate safe, fast and cashless payments for the Chinese tourists in Singapore," said Melvin Ooi, Alipay's country manager for Singapore, Sri Lanka and Maldives.
According to Liu, Alipay also has signed MOU (memorandum of understanding) related to cashless payment with Monaco government in June.
WeChat Pay and Alibaba Group Holding's affiliate Alipay are turning China cashless by enabling payments or money transfers at the convenience of a code scan.
[Photo/VCG]Tech giant Alibaba's financial arm, Ant Financial, has clinched an agreement with Tianjin municipality, vowing to transform the latter into the first "cashless" city in North China.
The city-wide "cashless" campaign is the fourth, as a similar plan first kicked off in Hangzhou, Alibaba's headquarters, followed by Wuhan and Fuzhou.
Ant Financial was a leading sponsor of a cashless alliance set up in April.
A cashless campaign doesn't mean to eradicate cash, but to allow customers to decide on the way of payment, Jing Xiaodong, the company's CEO, said.
Tianjin has a good foundation for Internet Plus to make it the first cashless city in the north, Jiang said.
The move is among a wide array of cashless services Ant introduced to its clients, ranging from digital payments and marketing to customer management and financing, Zou told the 2017 Ant Open Day in Shanghai on Wednesday.
"The open platform will empower our corporate clients with better customer relations management capabilities, streamline procedures and trim costs, all in pursuit of the goal of moving toward a cashless society by 2020," he said.
The two giants have already introduced cashless payment methods by teaming up with China's most popular e-wallet service providers Alipay and WeChat Pay.
For instance, Best Vietnam, a unit of Best Inc — a Hangzhou, Zhejiang province-based integrated supply chain and logistics solutions provider — said it will ink an agreement with Viettel, a Vietnamese state-owned enterprise, next week to enhance its cashless delivery ecosystem.
Cashless transactions have largely replaced cards and wallets and e-commerce has taken up an increasing proportion of the country's consumer market.
As a result, cashless transactions have become ubiquitous in daily life.
China's cashless and cardless trend continues to grow, covering an increasing number of scenarios from ordering food to paying bus fare.
Modern Chinese society is mainly cashless, he explained, since digital payments can cover almost all of consumers' spending needs.
"People basically have gone cashless right now, and it's convenient to use mobile money as everyone has one now.
Users of these e-wallets may use their own payment apps wherever Alipay works, to enjoy secure, smooth, and cashless payment and transparent and competitive exchange rates.
Not an easy question to answer, given that China leapfrogged to a largely "cashless" society in just a few years.
As well-developed cashless payments systems like Alibaba's Alipay and Tencent's WeChat Pay are widely adopted in every corner of Chinese life, bookings for transportation, hotels and payment at shops can be done on smartphones easily and securely, according to the report.
China just leapfrogged in adopting mobile phones and became the largest cashless economy in the world, said Bratcher.
The move, which could replace payments through smartphones, will further expand the scope of the cashless pay-by-palm application in the country, industry experts said.
Cashless payment methods including QuickPass, virtual card payment and mobile payment are also encouraged in urban public transportation.
BMW's digital parking service enables ticketless, cashless on-street parking and helps users find spaces in garages.
""The partnership with BKN301 is a further confirmation of our commitment to the affirmation of the cashless economy in San Marino," said Pietro Candela, head of business development at Alipay Europe, as quoted in the same coverage.
The PBOC launched its campaign last year in order to protect consumers' legal rights, as a growing number of businesses have gone cashless amid the COVID-19 pandemic.
Despite the city's lagging behind and late-mover status in terms of cashless payments," the rapid development of cashless transactions in Hong Kong is expected to reduce the potential impact for the city when it faces the digital yuan, as from consumers' perspective they already have grown accustomed to digital transactions", Yum said.
With the ATM business losing customers, mobile payments have become increasingly popular in China, which is shifting toward a cashless society step by step.
Trial of DC/EP in Shenzhen shows tech innovation could strengthen monetary systemWhen China's years-long efforts for a cashless society bore fruit in Shenzhen, Guangdong province, on Oct 12, some 50,000 lucky residents of the southern boomtown, winners of a lottery, received the first batch of DC/EP, or digital currency/electronic payment.
Also, fintech helps slow the spread of COVID-19 since it has made contactless and cashless transactions both popular and practical.
Leading ATM manufacturers in China have been seeing a sharp decline in net profit as the country shifts toward a cashless society driven by momentous progress in financial technology, which has been boosted even further by the COVID-19 outbreak.
The novel coronavirus may fuel China's rush toward becoming a cashless society.
Tech giants like JD, Alibaba help build cashless society in Southeast AsiaChinese financial technology companies are beefing up their presence in the digital payment sector of Southeast Asia to help build a cashless society, fueled by the rapidly growing demand for e-payment from people in the region.
net, a Hangzhou-based online news service focusing on China's mobile payment industry, said to Securities Daily he expects the run-up of cashless payments will maintain for three to five years until it takes up as much share of consumption as possible, as consumers incrementally wade farther into cashless payments.
New Year's here - so, are you ready to embrace a cashless world?
Hema epitomizes a new type of retail that is characterized by its "cashless" nature.
Monetary authorities across the globe, it seems, are not exactly in love with the idea of a cashless world.
From the first paper money that was used in China to various cryptocurrencies now vying to usher in a cashless world, almost 10 centuries have sped by.
The use of yuan on digital platforms has been growing fast as Chinese mobile payment platforms like Alibaba's Alipay and Tencent's WeChat Pay keep promoting a cashless society, according to a SWIFT report.
The operator of Malaysian airports said Thursday that it will continue to promote cashless convenience by partnering Ant Financial Services Group's Alipay.
Thus, embarking on the Alipay cashless payment platform is a major step taken by Malaysia Airports to embrace the future of retail and food and beverage transactions at its airports," Malaysia Airports' managing director Badlisham Ghazali said in a statement.
Badlisham also said that Malaysia Airports fully supports platforms such as Alipay for providing cashless convenience to customers, especially millennials who prefer to travel light and are technology savvy.
Even if financial innovations finally lead to a world with digital currencies or even a "cashless society," the central bank should dominate the change, Sheng said.
In fact, the central bank has already instructed Ant Financial to drop the use of the term "cashless society" in its massive marketing campaign to promote its payment service.