Ant Financial set to celebrate ‘Cashless Society Week’
Imagine a world that puts Bonnie and Clyde out of business—all because banks no longer stack bills and coins.
For example, if you want to spare some change for a beggar you no longer need to rummage through your pockets. Now, you simply scan the beggar’s bar code. This has already happened in China.
On February 28, Alipay, China’s leading third-party online payment solution and an affiliate of Alibaba, announced an ambitious plan to create a “Cashless Nation” in five years. And the countdown has started. As part of its efforts to encourage “top-down” supports for the program, Alipay will host a weeklong celebration of “Cashless Society Week” from August 1 to August 8.