Please take my cash
Subscribe to keep reading.
Trivium Tech keeps you briefed on the latest developments in China tech policy.
Already a subscriber? Log in.
Last Friday, the PBoC fined 13 companies for refusing to accept cash payments.
What’s going on: Mobile payments have become so ubiquitous that handling cash is often inconvenient, and some merchants refuse to accept it.
Yeah, but: It’s still legal tender, and the central bank worries that cash ref...