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The Cashless Society Has Arrived— Only It’s in China

Mobile payments surge to $9 trillion a year, changing how people shop, borrow—even panhandle

By

Alyssa Abkowitz

The Wall Street Journal

Biography Alyssa Abkowitz
@AlyssaAbkowitz
Alyssa.Abkowitz@wsj.com

Jan. 3, 2018 12:29 p.m. ET

BEIJING—Soliciting handouts near a grocery store, Zhao Shenji, a slender man with shorn hair, made giving easy for Beijing residents accustomed to relying on their smartphones.

“Recommend using WeChat Pay,” said a placard the beggar displayed.

It was a literal sign of the times. Payment via mobile-phone services such as WeChat is sweeping...

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