Mobile money erases China's ATMs
Round Table China
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The Decline of ATMs and the Rise of Mobile Payments in China
This chapter delves into the dramatic decline of ATMs in China, with numbers dropping from 1.1 million to around 800,000 in just five years. It highlights the rapid adoption of mobile payment solutions, such as QR codes, and presents both statistical evidence and real-life anecdotes that depict the evolving cash transaction landscape.
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