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Report: 85% of users paid by scanning QR codes in 2020 — China Daily

Summary:
Digital China.Not all great though.Nearly 8 percent of respondents experienced online fraud and reported losses, down four percentage points from the previous year. Three out of four people said they received fraudulent messages, among which 80 percent came from text message services, said the report....ECNSReport: 85% of users paid by scanning QR codes in 2020China DailyAlsoThe survey report also showed insufficient self-protection in payment security, with "all payment passwords being the same" and "payment while connected to public Wifi" as the two most prominent risks.…ECNSMobile payment penetration continues to rise in China: surveyXinhua

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 Digital China.

Not all great though.
Nearly 8 percent of respondents experienced online fraud and reported losses, down four percentage points from the previous year. Three out of four people said they received fraudulent messages, among which 80 percent came from text message services, said the report....
China Daily

Also
The survey report also showed insufficient self-protection in payment security, with "all payment passwords being the same" and "payment while connected to public Wifi" as the two most prominent risks.…
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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