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Articles tagged with: Mobile Payments

The New Currency: Your Cellphone

Gagan Vaseer

Imagine a world where you never have to carry your wallet or purse around. Your cellphone, a device you always have on hand, allows you to pay for your morning coffee, a ticket to your favorite movie, or even that sweater you’ve been eyeing for a while. Well, what was once considered science fiction, is now more science than fiction, as this has become a reality in China, where the rise of WeChat has revolutionized the mobile payment space. With mobile payments now surpassing $9 trillion a year, eight times greater than the US, the Chinese market has come to embrace their new cashless society.