{"id":421771,"date":"2024-07-31T09:15:36","date_gmt":"2024-07-31T04:15:36","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=421771"},"modified":"2024-07-31T09:15:36","modified_gmt":"2024-07-31T04:15:36","slug":"chinas-experience-offers-valuable-lessons","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/chinas-experience-offers-valuable-lessons\/","title":{"rendered":"China\u2019s experience offers valuable lessons"},"content":{"rendered":"<p> ISLAMABAD<br \/>\nChina\u2019s experience offers valuable lessons for other countries, including Pakistan, as they work towards enhancing their digital payment ecosystems. It is transitioning towards a cashless society, with electronic payments becoming increasingly common nationwide.<br \/>\nAccording to data provided by Statista, the total transaction value in the Digital Payments market is projected to reach US$11.55tn in 2024, with the highest accumulated transaction value reached in China (US$3,744.00bn in 2024).<br \/>\nThis digital payment trend extends beyond urban areas, positively affecting residents and small businesses in rural regions as well. \u201cChina offers valuable insights into Pakistan\u2019s journey towards digital payment adoption.<br \/>\nPakistan can benefit from China\u2019s diverse strategies and tailor them to meet our specific requirements,\u201d says Monis Rahman, Co-founder &#038; CEO, Dukan, Pakistan\u2019s leading e-commerce infrastructure provider.<br \/>\n\u201cWhile exploring Guangzhou, walking through charming narrow streets and alleys, I looked for small businesses to understand how they collect payments from customers. China doesn\u2019t seem to have a unified QR scheme like UPI, RAAST, or PIX. Instead, QR codes from multiple banks are used,\u201d Rahman said.<br \/>\nHe observed that most shops display two QR codes\u2014green for WeChat and blue for Alipay. Incentives likely encourage this dual display. Like Pakistan\u2019s multiple POS machines, Chinese stores often have multiple QR codes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD China\u2019s experience offers valuable lessons for other countries, including Pakistan, as they work towards enhancing their digital payment ecosystems. It is transitioning towards a cashless society, with electronic payments becoming increasingly common nationwide. According to data provided by Statista, the total transaction value in the Digital Payments market is projected to reach US$11.55tn in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":421785,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-421771","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>China\u2019s experience offers valuable lessons<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/chinas-experience-offers-valuable-lessons\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China\u2019s experience offers valuable lessons\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD China\u2019s experience offers valuable lessons for other countries, including Pakistan, as they work towards enhancing their digital payment ecosystems. 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