This is why Chinese economy is way ahead
ฝัง
- เผยแพร่เมื่อ 13 มิ.ย. 2024
- I want to explore all the kind of technologies that China offers, specially when it comes to new payments methods, because in here, traditional methods of payments such as cash or credit cards are part of the past! Now, things like WeChat pay or face recognition are part of our daily life here! All these technologies are changing our lives for the better!
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Here in America, we are far more advanced. We don’t pay. We walked in and take what we want and then walk out.
oh😮make me wanna live there
😂😂😂great
Americans do that all over the world too, don't they? Invading other countries on the flimsiest of pretext, often using freedom and democracy as excuses, stealing oil and resources
especially if you a black LOL
😂😂🤣🤣🤣
This also exists in India. It is called UPI. You just need to scan QR code and pay. Very convenient.
Yeah 😂 India is already in Future
@@digvijaysingh8892 India is still way behind China infrastructure, manufacture, software development, and export.
@@aravindkartha5145 thandd le le bhai . Amount of contradiction in our country make uniform development quite difficult
@@aravindkartha5145 Because we started our development late as compared to China.
@@Swastikanothookcross That's not the main reason. There is no caste or religion politics in China. The bureaucracy is efficient and non corrupt unlike India where they are corrupt and incompetent. The Education system is way better than India. Starting late is an excuse given by Indians to hide their incompetency and support of corruption.
What impressed me (amongst other things) when we visited China in 2019 was their traffic lights. At each light there is a countdown screen which informs traffic how long it will be until the light changes.
You can see that in Europe. It's nothing new.
In India we use our own technology called UPI and we’ve been using it for quite sometime. Nowadays You can see the qr codes almost everywhere.
In China, you have to have a Chinese citizen ID card, a Chinese bank account and a Chinese mobile number to be able to set up for e-payment. What about in India?
@@taotao98103 bank account and mobile number is enough to use upi
@@venki2432 oh so in India, one still has to have an Indian local bank account and an Indian local mobile number to be able to use UPI? Then it is still not visitor friendly.
@@taotao98103 yup not visitor friendly for now, but some South Asian countries and European countries like France and UK are added to it's system so they can use UPI here
@@taotao98103 u can't make everything visitor friendly... Please understand...
Thank you we learn new things in china from your contents
Soo amazing
Greetings from Ghana 🇬🇭 Africa to you and your family
Peace ✌️
India UPI best
@@Colormagicanimal China tiene más tiempo utilizando pagos móviles que la India. El mercado de pagos móviles en China ha estado en funcionamiento desde hace más de una década, con plataformas de pago móvil como Alipay y WeChat Pay, que se lanzaron en 2004 y 2013 respectivamente. En China, el uso de pagos móviles se ha vuelto muy común y se ha convertido en una parte integral de la vida cotidiana de los ciudadanos chinos. Los pagos móviles se utilizan para realizar una amplia gama de transacciones, desde compras diarias en tiendas y restaurantes hasta compras en línea y transferencias de dinero.
Por otro lado, el mercado de pagos móviles en la India es más reciente en comparación con China. La popularidad de los pagos móviles en la India comenzó a aumentar después de la iniciativa de demonetización del gobierno indio en 2016, que buscaba reducir el uso de efectivo en la economía india. Desde entonces, se ha producido un rápido crecimiento en la adopción de pagos móviles en la India, con plataformas como Paytm, Google Pay y PhonePe que han ganado una gran popularidad entre los usuarios.
En resumen, China tiene más experiencia en el uso de pagos móviles que la India, y el mercado de pagos móviles en China ha estado en funcionamiento durante más tiempo que el mercado de pagos móviles en la India.
Guys~~China's digital payment isn't just about transaction. It's about life , you can pay bills , buy movie tickets ,rent cars, take sharing bikes , pay insurance, book a nanny, invest funds,donate a football court for rural kids... that's why people in China only carry phone during dailylife .
🤣🤣🤣🤣🤣🤣
Its very surprising that these Richest countries think this as big deal
While Indians literally pay everything using UPI
India is way ahead in world in digital transaction in India you can pay everywhere using UPI even a smallest shop panipuri wala also accept it 🤣🤣🤣 china is no where in comparison
India UPI best
@@Goldlineshindi1 你说的这一切中国在10年前已经实现了，并且几乎所有中国人都在用
@@Goldlineshindi1 Wow, India must be paradise! Do the sadhus also buy their ganja digitally? I am living in Germany, still happy paying with cash, 🤑
This is good news. This means that the world who does not want to be bullied by that one hegemonic country over the Pacific Ocean, can move away from this manipulator and bully. ❤
Australia is bullying?
@@jmatt98 Is Australia qualified? Australia can't even handle Indonesia! Let Sky News Australia and all Rupert Murdoch's owned media brainwash Australians. Let ASPI boss Peter Jennings and Andrew Hastings wash the butts of those politicians across the Pacific Ocean. I can't make any clearer than that.
@@jmatt98 He’s talking about the USA
yea cuz china is not a bully at all LMFAO
@@user-rj8lr4st3l I believe John is just telling a joke~
"I haven't used money for a long time, and I won't miss it. I'm used to paying all my expenses with my mobile phone. Although mobile phone payment can't replace cash, it's always new and more convenient. I like the convenience brought by new things and technology." 😊
Cash is filthy! Full of germs. One study in Australia shows that cash carry deadly germs and even traces of human faeces💩 😱
If the bank charged you a secure transaction fee and a 1.7% charge you would not use contactless phone payment or card payment ever again. Guess what the businesses that have been struggling since the pandemic and energy and stock prices soaring are the ones paying these charges every time you use your pathetic little card or apple pay. When your owners launch the cyber pandemic you will beg for cash from your freinds and family who were previously branded backwards and anti this anti that.
@@mb-sc3el 😂😂😂We are not required to charge fees, but for large enterprises, small and medium-sized enterprises and private individuals, there will be no fees, because we have two rival companies, and whoever dares to charge will die, and even they will give preferential payment to attract users. This has been going on for more than ten years, so don't use your ignorant cognition to evaluate this mature system. Up to real estate transactions, down to a few cents transactions, everywhere. As for the situation you mentioned, cash is useless. Only gold is useful. I study economics and accounting. What do you study?😅😅😅😅😅
Hi You Fools When You're Government doesn't like you they will wipe out you're account then what it's controlled So It's no choice they have you God Bless you all I pray for you.
@@mb-sc3el
This is astonishing. Here in SKorea I could not make payment by mobile. They asked me if I have card or internet bank. 👏👏👏
Better avoid the mark of the beast system.They surveil, monitor,analyse,research and target everyone.SMART is spying everyone.
In india nobody carries cash or card anymore...only QR CODE...china is way ahead with facial and hand recognition...
@@Hussainpiplodwala That's the mark of the beast from the Revelation,but then in India there are no Christians.However,it is astonishing how you endure the digital slavery.A CBDC will switch your money off at any given time (expires) if your government dislikes people and their choices.
@@Hussainpiplodwala hand recognition is not the safest & maybe facial can be bypassed by photo !
UPI : Hold my beer ✌️🇮🇳
Yes upi is no 1
UPI is number way better than any other payment system
I love wechat pay. Just leave the house with your phone and taxis, trains, food, shopping all at your fingertips! Even the smallest street vendors have wechat pay! So cool!
Just learned something. Thank you
QR code scanning system was widely available in india . Small shop to big mall . Cab booking to airlines ticket booking 👍. Well done .
Deja de ser toxico si?
KBank QR code is popular in Bangkok as well😊
China is living in the future.
@@KamaBarondemocracy is everything
Meanwhile Indians 🤭
Indian UPI lion 🦁🦁🦁 of world. EU + aamerica +china total transaction < indian UPI
不是哈哈哈，这里怎么这么多自信的三哥，哈哈哈他们的发言真的乐死我了😂
😂挺有意思，不过印度人感觉挺有意思的，中国普及手机支付好几年后，阿里巴巴帮印度搞了，然后阿里巴巴就被印度…
Even in India UPI Lite payment is done without Internet also
and with any apps qr code that makes upi more convenient
@Daddylee yes max limit 2000 only
@@SnrCrypto what 2000 limited you can increase
@Daddylee bro india is way ahead from this entire world in digital transaction you can use any where The upi any pay app qr or by mobile no. Real time payment china is no where in comparison visit India you will see the difference 🙏🙏🙏
India UPI best
China quickly adopts mobile payments since card payments were not widespread for undeveloped and rural areas. Before the advent of mobile payments, many small businesses did not have card terminals for micro transactions because they could not even afford the cost. Mobile payment is getting incredibly popular as it provide a cashless way for everyone who has a mobile and you can avoid the cost of card terminals if you want to, and the payment processing fee can be 10 times lower (0.2%-0.6%)😉.
Same thing here in Malaysia. Setting up card terminals was expensive (with deposits and whatnot). Now almost every sundry shop or food stall have QR code. Besides our QR code (DuitNow) had zero % charge to merchant.
In India also cashless and fastest digital payment and most payment in the world and zero charge for transaction
Wrong.. China skipped the card system. Not held back by legacy systems.
@@angadkumar3313 马云的阿里巴巴公司投资了印度的paytm公司，带去了经验技术和资金，最终收获了印度政府的铁拳。让我们恭喜马云，恭喜阿里巴巴。
India UPI best
Wow, what amazing technology!! Thank you so much for sharing this with the world!!🌎 God bless you all, all the way from Florida, USA!!🇺🇸
I would say palm payment is my favourite.
@rafagoesaround your should start study about Indian UPI payment system
China tiene más tiempo utilizando pagos móviles que la India. El mercado de pagos móviles en China ha estado en funcionamiento desde hace más de una década, con plataformas de pago móvil como Alipay y WeChat Pay, que se lanzaron en 2004 y 2013 respectivamente. En China, el uso de pagos móviles se ha vuelto muy común y se ha convertido en una parte integral de la vida cotidiana de los ciudadanos chinos. Los pagos móviles se utilizan para realizar una amplia gama de transacciones, desde compras diarias en tiendas y restaurantes hasta compras en línea y transferencias de dinero.
Por otro lado, el mercado de pagos móviles en la India es más reciente en comparación con China. La popularidad de los pagos móviles en la India comenzó a aumentar después de la iniciativa de demonetización del gobierno indio en 2016, que buscaba reducir el uso de efectivo en la economía india. Desde entonces, se ha producido un rápido crecimiento en la adopción de pagos móviles en la India, con plataformas como Paytm, Google Pay y PhonePe que han ganado una gran popularidad entre los usuarios.
En resumen, China tiene más experiencia en el uso de pagos móviles que la India, y el mercado de pagos móviles en China ha estado en funcionamiento durante más tiempo que el mercado de pagos móviles en la India.
In the future people can walk into a store pick the items and walk out and payment would have been made with scanners installed everywhere in the store from the point of pick up the item to taking the item out.
it's already working now in some cities in China. just scanning your face or QR code, then walking into the store, picking what you want, walking out of the store, the payment will be done automatically.
@@armamentarmedarm1699 在中國都已經運行了很多年。你落後了。
You are so outdated, In America We already have that. Everyone walk out any store take under $1000 for free. It’s American dream now.
Amazon new store have same technology, you simply put the item in your cart and you don’t need to checkout, you will be charged once you leave the store
Awesome
Facial recognition technology might not work smoothly in South Korea as they like to undergo plastic surgery and the worst part is, some of them would look pretty similar cause they're going to the same clinic. That would create a huge chaotic incident as many of them would be paying for something they didn't purchase. LOLS..my bad. :p
Hahaha 😂😂😂😂😂😂
That's why we are still using cash in the US!!
What happens when I wear a mask of your face and make payment? I can have several masks of different people.
@@drewh3224 Nah! The americans are just paranoid, like "Big brother is watching every thing I buy!" or such similar sentiments. They don't want to realize that even now, all transactions more than 10,000 dollars are monitored, they want to keep the illusion that they are not being monitored by using cash.
Yep, same in countries where there are a huge black population as they all look very similar to one another. Good thing blacks don't have money!
India already done it extremely large
so has most of the developed world.
I've Traveled to india last month and man i was so suprised and amazed by the fintech technology they have which is called UPI .Every Street Vendor To Small Flower Stores near the temple have QR code the Zero Transaction they charge is what that amazes me and today I came to know that India is world's largest digital transaction with over 75 Billion dollars surpassing china and USA.
And our gorvernment and india's government have agreed to have UPI technology in my Country France.🇫🇷
No offense, but China had UPI-like technology about ten years ago, but it couldn't be promoted. Because UPI generally requires a one-to-one correspondence between bank account numbers and mobile phone numbers, which is obviously unworkable in China where everyone has multiple mobile phone numbers and bank card numbers. WeChatpay and Alipay, including the currently experimental digital renminbi, can be bound to multiple card numbers, and the digital renminbi is also being tested and debugged in cross-border trade. Because UPI includes inter-bank settlement, it appears to be large in scale, and this part is not included in the proportion of digital payments in China. Simple information for your reference
He's wrong, the transaction value of UPI in 2022 ＜ $2 trillion. WeChatPay and Alipay are about $70 trillion.
@@markxia7632 it's not a question of who made it first. In india also, everyone has multiple phone numbers and multiple bank accounts. And each of them bank accounts can transfer money via upi to any bank account. Even I have accounts in 5 banks, and each of them is linked with upi.
@@RigelVision India is always #1 🙂
@@yzhang2008 did i say that ??
Or did you not understand what I said ???
Whoa! Love thr pal payment method! So cool!
This is more common in India but noone talks about it. Indians do more digital payment than chinese
Source?
you can make a video and show it to the world. nobody is stopping you.
中国已经在十年前就普及数字支付了
@@precipice65 go search UPI.
Hey, if I hadn’t been to India, I would have believed what you said. Indians, from street vendors to government officials, can only speak big words. Lying seems to be in the DNA of India.
I have never met an honest person in India. Everyone just wants to cheat your money. India wants to compare everything with China. Before going to India, I was full of longing for India, but after going to India, I was extremely disappointed. Even China Now that it is stagnant and does not develop, India may not be able to catch up with China in 30 years.
India biggest online payment country in the world. One UPI ID any app we can sent money anyone
Thank you 😊😊😊😊
Exellent video...🎉❤😊❤🎉
Qr code payment Futuristic China. 😅
India’s UPI =What am I doing then
印度是世界上最吹牛的国家
Them is better
Yes, after all, Shanghai is small in mumbai. Just want to mobile payment, although the first became popular in China. But, after all, India is in the future, this is India's confidence.
What a wonderful world. Beautiful
Yeah, right...all nice and dandy until the moment express a thought that strays just a bit off the established path and suddenly you find out you can't buy gas, pay for travel, buy a computer, or simply buy the groceries and food of your choice. I do mean to force you to accept my own choice, but it is clear that those on your side are quite willing to force those on my side to cave in to your preferences. I foresee "interesting times" coming soon for us all.
@@ernestoherreralegorreta137 you are so naive, I don't mind your thoughts if you are under3
@@guytruth5598 :-D me being the naïve one here? LOL
Just open your eyes and then ask yourself why suddenly so many governments want to establish digital central bank currencies and citizen "passports"... Btw, I don't mind your thoughts and preferences either, as long as you keep them as a personal choice and not try to impose them on the rest of us.
@@ernestoherreralegorreta137 no body force you on anythings, China is much more democratic than US and the west.
In India we have more advanced technology called UPI ,unified payment interface ,more secure and fastest .no delay. Many country have accepted.soon worldwide
The USA has many credit companies , like America Express, Visa, Masters , Discover, they are all super rich. Guess how these companies collect money? of course, from you. As they say, the customer is God!
I am using UPI based Online pay by scanning QR since 2012, UPI was launched later but there is option to add money in online vallet
Top 10 countries by real-time payment transactions
India - 46.8 billion. China - 18.5 billion. Thailand - 9.7 billion. Brazil - 8.7 billion.
According to the "Overall Situation of Payment System Operation in 2022" issued by the People's Bank of China on March 20, China's mobile payment business in 2022 was 158.507 billion transactions with an amount of 499.62 trillion yuan.
@@karasheep 不要争辩，让他们嗨。
Source? Or just made up?
India has become Beast in terms of Online real time payment transactions 🔥
@@royz7294bro it's officially there you can search it
In india 🇮🇳 we have also upi .....
In Portugal we are way behind of the kind of technology. Of course there are several places that already accept that kind of payment, but most places and stores still accept cash or card.
Such a beautiful and clean city
its fake
Great ,Kenya started mobile payments by MPESA in 2007,nice to see other countries going the paperless way
Where do you think Kenya got the idea from?
@@guens01 a student invented it at the Jomo Kenyatta university here in 🇰🇪 by the name Ouko,we got sharp minds too not all ideas come from the west or east,Africans can do it too.
@@savvyhome333Alipay, the Chinese famous mobile payment app was launched in 2004.
Savvy home and guenso STOP quarreling. We are all on the same side. The enemies are usa, uk, canada, australia, new zealand, japan, south korea, india, phillipines, and eu.
@@evalee3599 they weren’t quarreling the dude just pointed out that it was actually started in China. Pretty chill
the contactless palm reader is the future!
lol, im chinese and in think it is garbage, visa tapping is much more convenient
The Chinese payment system is not very friendly to foreigners who are travelling and live in China for a short period of time. Most of the payment system only accept WeChat or Alipay, but neither of those payment system can be linked to an non-Chinese bank issued bank card. Most of the places accept Unipay, but do not accept VISA or Mastercard.
i cant imagine it would be impossible to design a temporary " tourist wechat " payment, where you transfer digital money from your non-chinese bank account into it, and it would work during your trip, and returned the remaining money to your non-chinese bank account, when you leave the country.
That is why hard for u.s to sanction on China they have their own financial system
Mainly because of financial restrictions, many countries refuse to use China UnionPay's settlement system. But change may soon begin. The Chinese government has recently introduced MasterCard.
This cashless smartphone payments would naturally work with the new BRICS international reserve currency. BRICS includes South Africa, which has a large gold reserve, then maybe back the reserve currency to gold standard. Saudi, Iran, Venezuela applied to join BRICS, then maybe impose oil embargo with PetroYuan to EU colonial powers ...
I miss paying in cash, as it can help me save a lot of money...though count the money until get a cramp in hand, but more time to think about whether it's worth it or not...does that make sense🤓
In the US dont carry cash around, you will get robbed. The store clerk you just bought from could be an accomplice with a robber that he can alert after you leave the store.
In india online transection is 4 times more then China and has better infrastructure for mobile payment
The People's Bank of China has released the "Overall Operation of the Payment System in 2020". Data shows that in 2020, banks processed a total of 235.255 billion electronic payment transactions, with a total amount of 2711.81 trillion yuan. Among them, there are 87.931 billion online payment transactions, with a total amount of 2174.54 trillion yuan. The above transaction amount is RMB, and you can exchange it for INR on your own. India's UPI is a little brother in front of China. You better take a look at India's per capita GDP, which determines the upper limit
Say directly that China ranks second after India... All credit goes to UPI🇮🇳
what does UPI stand for ???
@@Monitor2023 The UPI, which stands for "unified payments interface," is a way to move money from one bank account to another using a single window. You can send or receive money or scan a quick response (QR) code to pay a person, a merchant, or a service provider to shop, pay bills, or authorize payments.
@@Monitor2023 unified payment interface
@@purushottam_paramdharma 事实中国的支付平台都接入银联的统一支付接口，而且银联的统一二维码任何支付平台都可以支付，也不会限制支付平台自己的二维码，并且移动支付交易量也比印度多，不要再和中国比了，upi也就是统一支付接口并不是什么稀奇玩意
@@user-qt6nv7zl6min india whatsapp, google pay, phone pe , bharat pe, and 100 of other apps use same Unified payment interface. All transactions happen through UPI
And here in the UK we still have businesses without card machines 😂
Sure enough, a superpower
Democracy is enough
@@god6667 ????
Only some Chinese takeouts don't accept other payments to evade taxes. All other places have pos terminals
India UPI best
malaysia also started using mobile payment more than cash. me myself has been paying for my daily expenses using my phone for more than 2 months and it is so convenience. when my country start have e personal identification, i will stop bringing wallet all together
Is it India's UPI system?
But UPI is all time best
India doesn't have facial recognition
👍
I was wondering how an old man pays his bill without knowing how to operate a mobile phone! So China has this facial recognition feature that can do the job without using phone. Wow! That is convenient!
現金也可以使用。但是絕大多數人都刷臉。因為方便。
cash is ok
我妈七十几岁也经常在拼多多买东西。前几天她买了个孵蛋器，自己在家里孵出了好几只小鸡。😁
拒收现金是违法的。我自己看到的，很多老人也用手机支付。用现金的小孩子见过几次，应该是家长控制小孩子不能随便用钱。
0:05, India is the fastest growing and highest number of digital transactions throught the UPI system, it around 60% more than China
Where are you from know more data than China? Don't tell me is Indian people tell you
Very cool!
Last month when I went abroad, I see only face pay and QR code pay in Shenzhen. Now hand can pay?
Thanks for your video.
Look at that oppressive ambience that some commenters keep typing on YT....
Yes this kind of paperless payments is very convenient but…if the computer systems that controlling the transactions have problems electronically by cyber attacks??
Exactly!!!
👍Fabulous👍
Amazing technology
Let's first check India digital revolution !😂
We do more digital payments than China + USA + Europe !🎉
It's called UPI . Way ahead, then the western payment system !🎉
think about gdp before you make statement
@wookinpo9212 well , I think that's not the topic of vedio !
And in gdp we are also catching up quickly , we are the fastest growing economy right now - India is going to be 3 largest economy by 2026 and 2nd largest after China by 2040 .
This is a Asian century!!😎
I want to know how to buy a roll of toilet paper in different cities in India🤣
@user-zp6qo5sx3v Haha !I am seeing jealousy factor here 🤣🤣
You can buy anything like you buy in your country .
By the way does you about human rights
Does your country have any of these ? 😅😅
@@user-zp6qo5sx3v chun fun sun nun it's ur name UPI is ur father buddy go and check than start barking in comment section okk
Come to India bro 😂
No facial recognition in India..and China started much earlier than India
@@karthikcind1981 You need to carry your QR in China too,rather than just looking for the shop keeper UPI like here in India making it slightly inconvenient ,and facial recognition is inferior compared to fingerprint recognition or pin Code requirement,especially in regions where people look very similar
We don't need a particular app for a particular qr code in India if you have any qr code you can pay threw any app what payment method you have
Jackson doesn’t look very happy to be there. Rafa did you steal her candy 😂
朋友们不要和仨哥争辩，让它们沉溺在梦里挺好的😅
好神奇的洗版 :))
India UPI best
Come on bro😅Electronic transactions in China in 2022 are around Rs 35,000 trillion. only Wechat transactions alone are much larger than your e-payment scale in the whole country🤪🤪
千万别让阿三哥们知道啥是双十一规模和中国快递规模，不然他们又以为自己超越了🤣一个12306就能秒他们几十年了
India is the leader in qr code payment....its called UPI
ok congrats, but western Europe doesn't need QR code payments since it's not useful here.
every store has an NFC terminal for mobile payments and we have a national app called: tikkie, that allows for simple exchange of money between a few people of they wanna slip a bill or anything else.
Why not to integrate all payments systems together to make oversea transaction bilaterally Vostro system and bypass US SWIFT network?
Example: Singapore paynow and Indian UPI already connected.
Actually UPI make more sense to me, because it dosent need my biometric information, its free and a major thing is it doesn't need new qr for each and every platform, one qr works for all platforms, wether it is google pay or paytm or phone pay or whatever to may be. Its just more convenient. And another thing its not china which has fastest growing online transactions, its India.
China tiene más tiempo utilizando pagos móviles que la India. El mercado de pagos móviles en China ha estado en funcionamiento desde hace más de una década, con plataformas de pago móvil como Alipay y WeChat Pay, que se lanzaron en 2004 y 2013 respectivamente. En China, el uso de pagos móviles se ha vuelto muy común y se ha convertido en una parte integral de la vida cotidiana de los ciudadanos chinos. Los pagos móviles se utilizan para realizar una amplia gama de transacciones, desde compras diarias en tiendas y restaurantes hasta compras en línea y transferencias de dinero.
Por otro lado, el mercado de pagos móviles en la India es más reciente en comparación con China. La popularidad de los pagos móviles en la India comenzó a aumentar después de la iniciativa de demonetización del gobierno indio en 2016, que buscaba reducir el uso de efectivo en la economía india. Desde entonces, se ha producido un rápido crecimiento en la adopción de pagos móviles en la India, con plataformas como Paytm, Google Pay y PhonePe que han ganado una gran popularidad entre los usuarios.
En resumen, China tiene más experiencia en el uso de pagos móviles que la India, y el mercado de pagos móviles en China ha estado en funcionamiento durante más tiempo que el mercado de pagos móviles en la India.
People in the USA still write paper checks to pay for rent 😂
Lao Hei: Hehe, we in the United States are very advanced, see we never have to pay 💰, take it if we want, see if it is very advanced 😄😄😂😂
do you even live there? my apartment rent goes through my debit card and automatically withdrawn.
processing fee for digital payments in china ranges from 0 to 0.38%, much less than credit card payments. this allows more revenue for business who can in turn pass the savings to consumers. person to person transfers are free at the moment, as they are baisically digital accounting that cost nothing to start with! why does paypal cost so much more?
WONDERING HOW DOES IT COMPARE WITH UPI SYSTEM IN INDIA, WHICH IS EXTREMELY SUCCESSFUL !!!....
👏👏👏😁👍👍👍
Is there a way for tourists to use this systems in China?
Yes, but it must be connected to a Chinese bank as of now. There is a loophole, though.
@@guens01 Can you let me know how to do it and what is the loophole? This will be so convenient for my next trip there.
@@saltywetreefer3985 The challenge is to get a Chinese bank account. You can't get it on a tourism visa.
May be they should have other option letting people fill money to the account instead of connect to the bank. Like buy a code from a shop to fill the account.
@@sola4393 At the beginning, there was something like an account, but later people canceled it, because the companies with those accounts might close down and go bankrupt, which would lead to losses for ordinary people, but the banks were safe.
I still don’t see how QR code payment is more convenient than ApplePay / Google Pay, those true mobile payment method, as least from the user standpoint. I don’t even need to use the camera to scan the code, and I don’t need internet for it to work. If the merchant wants to use mobile instead of POS, the merchant also don’t need internet. QR code payment also not as secure. The only reason China quickly adopted QR code payment, it’s they don’t have the mobile payment structure in place at the first place, and also don’t widely adopted other non-cash payment method at that time.
When applepay and googlepay replace credit card machines then we can have a real winner
India has the largest realtime [online] payment interface in the world. Not just the number of transactions but also by value.
The transaction alone in china will surpass your whole country GDP lol
Is this video about India?? Or mentioning India everywhere necessary for indians??
@@jojyjohn7496 he's just saying that this is not a big deal
@@jojyjohn7496 just Type “UPI” you will see we have similar type of payment system here in india
@@jojyjohn7496 point is this is nothing to cheer for nor its too ahead.
Well u should also make video on India's payment system revolution which even defeated US and even China. Indian system is called UPI and india accounts for 40% of world digital transactions and even defeats china. note - i also praise china for its transformation being an indian
😂😂
@@Chogose why this emoji?
@@Chogose search Google
Indian media brainwashing is very successful
@@lovemsoni1844 His name makes it obvious that he's our son pakistani. Let him laugh. He thinks their foster father china is their god. well who are they to laugh? They don't even havet thei own cash. everything comes from aid.
WeChat Alipay started mobile payment in China 10 years ago. Now China can still use mobile phones, and only accept payment by face recognition, watch payment, fingerprint payment, human body induction payment, and digital renminbi payment.
👏👏👏👏
I am not sure if you talk about this before. If not, can you talk about how foreigner use wechat pay and alipay in china? I have hard time to get wechat pay and alipay work because it needs a lot of verification. What exactly I need to get these work? Thank you.
Mean a while in India 🇮🇳 * UPI * 🇮🇳 .
At last it is Chinese There is no payment Successful Guarantee 😂🤣🤣
Indias upi transaction does more than china usa eu combined 😂😂😂
but their economy isn't the best 😅😅
Indian media brainwashing is very successful
@@miles5600 is this the video about economy?
@@Swastikanothookcross is this video about india?
@@purushottam_paramdharma no but this video about best payment system ...😂
Do they accept international version of Alipay
👍👍👍
India is more ahead of china. In china they use online wallets to make payment but in india UPI is something great
Ahead in dirty😂
India UPI best
UPI is the best cashless payment system
My country also have similar mobile banking 😂
And very popular.
One drawback is that there seems to be separate systems, and one has to register when buying for the first time in many shops. This will probably improve over time so that it becomes even easier. As it is now it seems easier to just blip a credit/debit card like in western countries.
Credit card are more dangerous and can be easily hacked….
Cuz they just need to photograph the card or just device.
But almost impossible for mobile banking.
Cash is king, digital payments are an indicator of total enslavement when you don’t have control of the wealth you’ve built. It’s not always about convenience. What’s the point of a booming economy without control of one’s wealth? What happens if there’s no phone access.over a period of time?
Cash is just a paper back up by nothing!!😂
Yeah more fun to you sir 😅
cash is just a total waste. Tonnes of trees are cut for nothing.
cash just gets people robbed.
Palm payment is good, face payment can be dangerous, you really have to be careful where you look, or even what is looking at you.
Rafa, Wow, You speak Chinese, How did you learn it?
American: China uses face recognition for surveillance their people !😂
Are you a criminal?? Why are you afraid if you don't do bad things
@@rakuen6728 Exactly!
Very common in India... thought India ranks first in mobile payment..
哇，印度人真有钱！希望中国有一天可以达到印度的高度
@@user-qm8mk5ss2o it is not about who is rich but who has better digital payment system.
印度这么厉害，麻烦多花点钱修厕所
@@olivialiu7866 ye Pakistani ko koi hatao toh
@@olivialiu7866 till today u never won went war. Still pissing in pant...
Our friend Jackson was not intrested at all 🤣🤣
Just do not speak out against regime or your account will be suspended.
China is good !
But in Digital payments India is way ahead of Digital in China !
We do 3 times more digital payments then China 😂
Over 40 % of the world digital payments are done by India .
Wow is it so? I did know that. Good for India.
@kenchan8099 Yeah we are ahead of China digital payment !
And other countries are also accepting this payments and linking their payment system with India like France, Singapore, Saudi !
But china is good at facial recognition!
We don't use credit cards now !
@@ILuminateInsights 🤣 well, good. But if you say that you're already ahead of China on this, I doubt it. I don't carry cash for more than ten years now. I don't wanna give tons of examples of our daily life, but I do congratulate Indian people for your achievement.
@kenchan8099 Good !
But china is way ahead in economy from us and it's very inspiring for us .
Now India is also growing very fast !!
May both our country's have fright future and we make this century as Asian century 😀
The People's Bank of China has released the "Overall Operation of the Payment System in 2020". Data shows that in 2020, banks processed a total of 235.255 billion electronic payment transactions, with a total amount of 2711.81 trillion yuan. Among them, there are 87.931 billion online payment transactions, with a total amount of 2174.54 trillion yuan. The above transaction amount is RMB, and you can exchange it for INR on your own. India's UPI is a little brother in front of China. You better take a look at India's per capita GDP, which determines the upper limit
These indians crying in the comments😭🤣
Why can't you accept the fact the QR code scanning payment system is everywhere in India.? 😂😂
@@arjunraj823 not good as compared to china's.
@@Chogose Its the same as China's. And recently India overtook China in QR based transactions in number.
@@arjunraj823 😅
@@arjunraj823 The People's Bank of China has released the "Overall Operation of the Payment System in 2020". Data shows that in 2020, banks processed a total of 235.255 billion electronic payment transactions, with a total amount of 2711.81 trillion yuan. Among them, there are 87.931 billion online payment transactions, with a total amount of 2174.54 trillion yuan. The above transaction amount is RMB, and you can exchange it for INR on your own. India's UPI is a little brother in front of China. You better take a look at India's per capita GDP, which determines the upper limit
The last time I use cash was 2018, I don’t know where is my old wallet
Digital payments? Habibi come to India. Just in March, 8.7 Billion UPI transactions were done. You can travel the whole of India without hard cash!!
十年前中国就做到了。另外你们的数字支付还是阿里巴巴帮忙建设的
@@leo7957 even India started it 7yrs ago but our per year transactions are way more what China didn't even achieved in 10yrs. UPI is developed by govt entity. Alibaba just invested in a company that uses UPI. China is not allowed in such projects :D
The People's Bank of China has released the "Overall Operation of the Payment System in 2020". Data shows that in 2020, banks processed a total of 235.255 billion electronic payment transactions, with a total amount of 2711.81 trillion yuan. Among them, there are 87.931 billion online payment transactions, with a total amount of 2174.54 trillion yuan. The above transaction amount is RMB, and you can exchange it for INR on your own. India's UPI is a little brother in front of China. You better take a look at India's per capita GDP, which determines the upper limit
Habibi come to India 😂
UPI 🇮🇳
Simple Faster Safer 😌
is there a specific company that is responsible for face pay?
for example is it wechat or alibaba, or from banks maybe ?
Both Tencent and Alibaba have developed their own versions. The most widely used and the one I show in the video is Alipay (Alibaba)