China’s Digital Payment Revolution: Lessons for Libra — Dongyao Nie

China is already there. Why. Government permissiveness that has not been forthcoming in the West since it would greatly reduce banks' revenue from retail transactions. But in China the banking system is largely government owned, so it is not the same issue.

The Diplomat
China’s Digital Payment Revolution: Lessons for Libra

Dongyao Nie, news researcher at Al Jazeera English based in Washington DC

Nick Routley — China’s Digital Wallets Offer a Glimpse at the Future of Payments

The numbers are astounding. Most people outside of China probably have no ideal what is happening and how quickly it is happening.

Visual Capitalist
China’s Digital Wallets Offer a Glimpse at the Future of Payments
Nick Routley