The View from China

As relayed to Currency News in this month’s On the Record, the Chairman of China Banknote Printing and Minting Corporation (CBPM), Mr Yang Lijie, is optimistic about the future of cash, proud of the achievements of his organisation in terms of quality, sustainability and CSR, and willing to make more friends and more partners with the industry around the world.

Whilst Sweden is most often cited as the ‘poster-child’ for the coming cashless society, in reality it is China that trend towards a world in digital payments. WeChat Pay and AliPay are making these payments a completely normal part of everyday life in China and beyond, while China’s Digital Currency Electronic Payment scheme currently being piloted is one of the world's first.