However, one can only use mobile payment to book and pay for a private car. While one can choose to book a taxi and pay cash through the ‘DiDi’ app, taxis are often more expensive than booking a private car, and the experience of taking a taxi in China is often not as pleasant as that of taking a private car. It can be difficult getting a taxi in China through the traditional means of flagging a taxi especially during the peak hours.
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Having a QR code as a payment mode basically adds no cost to the vendor which is why this is also a more convenient option for retailers. As this starts to become more common, it will be hard for someone without a mobile payment app to be able to get around in China.
Also, some convenience stores in China do not carry cash anymore after 10pm due to reasons linked to security and convenience. There are starting to be more shops that do not accept cash and only accept payment via WeChat Pay or Alipay. Retailers are starting to reject payments by cash With the quick adoption of mobile payments, consumers were also generally quick in overcoming any initial fears that they may have had about security issues relating to mobile payments.Īs a consumer, these are some reasons why it may start to get harder to get around in China without using mobile payments: The rising popularity of online shopping and food delivery apps also helped to further push the rise of mobile payments in China.
With consumers quickly adjusting their purchasing behavior to the use of mobile payments, the ecosystem also developed very fast with the various O2O services being made available and as these players continued to be aggressive in increasing its base of partners. WeChat Pay and Alipay first gained dominance in China by using tactics such as incentivizing both small businesses as well as consumers (giving out credits/money through the use of ride-hailing apps) in the earlier days.
Facing rejection by a shop because you can only pay by cash – this scenario is becoming more common in China.
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