A step towards a cashless society  the unintended consequence of the Coronavirus

According to the World Health Organization (1). Covid-19 can be transmitt through contaminat objects, since the virus survives for anywhere from a few hours to a few days in surfaces and objects. Can you get infect by touching coins, banknotes, bank cards and ATMs? According to the Chinese authority, the answer is “yes”. Although the risk of infection is limit, the Chinese government is determin to avoid any risk of contagion. The circulation of banknotes deem“dirty” from hand to hand several times between citizens can also promote contamination by the virus. The central bank has therefore opt for preventive measures to ensure the safety of Chinese citizens(2). At the moment, all banks that receive banknotes must disinfect and sterilize them before redistributing them to customers.

Alipay and WeChat Pay to fight the coronavirus

To do this, the banknotes undergo Russia Phone Number List an ultraviolet treatment as well as a high temperature treatment. They are then stor for a period varying from 7 to 14 days depending on the region or city from which they come, before being able to redistribute them to the public. In addition, all tickets from high-risk areas such as hospitals and fresh produce markets. Will be given special treatment and will not be redistribut after they have been disinfect. Inter-provincial cash transfers have also been suspendin order to minimize the circulation of these in the most affect regions and to reduce the risk of infection and transmission. The People’s Bank of China has in turn strengthen the management of cash circulation and ensures. The security of the use of cash. Special measures have been put in place to provide new tickets in the.

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The Coronavirus has become a catalyst for changing

The People’s Bank of China has urgently DT Leads allocatd 4 billion yuan (525 million euros) in new banknotes for the city of Wuhan. Alipay and WeChat Pay, the most us during the Coronavirus.png For several years, China has favor mobile payments, so the country has managed to become the leader in QR code payments. The 2 electronic wallet giants, Alipay and WeChat Pay, are us by more than 2 thirds of the Chinese population, i.e. more than 1 billion people. In the chaos caus by the Coronavirus, China is taking full advantage of these mobile payment methods which have become essential in the fight against the anything, which reduces the risk of contamination, unlike exchanging notes, coins or paying by bank card.

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