Everyone knows technology plays a big role in China. Especially in the financial sector, there are plenty of interesting technology-related developments to keep an eye on. The use of QR codes has increased exponentially over the past few years. Surprisingly, street beggars are now using this technology as a way to collect money. QR Codes Serve Different Purposes Given the popularity of mobile and digital payment solutions, it’s not surprising to see QR codes become more commonplace. Even popular payment tools such as WeChat Pay and Alipay have integrated QR technology in their wallet solutions. With consumers using their smartphones for ordinary purchases on
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