Cash seems to only be carried by "old" people. The younger generation tends to only use WeChat or Alipay in order to pay for goods and services. China has become a cashless society thanks to these apps.
A QR Code for WeChat and Alipay on a Restaurant Window
I know people that simply do not even carry cash with them anymore. Almost anything can be bought using WeChat or Alipay. These apps are linked to your bank account and so money can be easily withdrawn when you scan the QR codes.
Cashiers Can Also Scan Your Payment Barcode or QR Code
Personally, I like carrying cash with me. Cash feels more valuable to me and helps cultivate a positive mindset regarding money. Seeing your wallet full of 100 RMB bills sends feedback to your brain that you are wealthy and have an abundant amount of disposable income. I don't think credit/debit cards or apps can have the same effect on you. However, I think going cashless is the way of the future. Bitcoin, Litecoin and other cryptocurrencies are revolutionizing the banking and financial sector!
In this video, I show you how it is very easy to go cashless for a whole day in China. You can use WeChat or Alipay to pay for groceries, haircuts, transportation, food and much much more.
The cashless society welcomes you!
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