The Future of Payments

A cashless future is no longer a dream, the future has arrived.

In 2010, in China, the Chinese government issued a string of new cash control regulations attempting to curb the negative effects of an economy built on a culture of cash.

Distrust of banks, lack of infrastructure and connectivity and a population still struggling to come to terms with modern technologies resulted in people storing their life savings in cash, and most shops outside of the big centres refused any other form of payment*. Cash was king and few believed this would ever change.

Read full press release here

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