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Why millennials are driving cashless revolution in China | Financial Times

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"‘Considering how many Chinese people pay for groceries, daily meals and entertaining with smartphones, that scale of data accumulation is beyond our imagination,’ says Ms Cai, who adds that despite her concerns about privacy, mobile payments are just too convenient to opt out from.

But she is cautious, too, about where this path may be leading, adding: ‘Whether we are constructing a futurist society or a cage for ourselves, I cannot tell.’"

From "Why millennials are driving cashless revolution in China | Financial Times".

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