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China Introduces New Cardless System That Allows Payments With a Swipe of the Hand
China has taken a step into the future with a new cardless method of payment that requires little more than a hand swipe.
Guo Rizen, vice general manager of Tencent’s Weixin Pay Industry Application unit, recently told CNN, “We have confidence in this.” While it is convenient not to carry around a wallet or cell phone, advanced technology of this sort often raises security and privacy issues. “They don’t want [that] whenever they’re making a payment for something, for that then to show up on some official register, and then to be asked questions, or worse, about it,” Santow added.
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