For years, South Africa's old-fashioned brick-and-mortar banks have been subject to predictions of their demise, along with the paper money they still largely deal with. Many people still cling to their old ways, making a cashless South Africa difficult to imagine.
I was recently in Shanghai, China, where locals have fully embraced digital banking. The Shanghainese people mostly use WeChat Pay, known as Weixin Pay in China, a hugely popular payment platform. It was founded in 2016 as an offshoot of WeChat, a widely used social messaging app from Chinese tech company Tencent. Weixin Pay is the second most used after Alipay in the Chinese digital payment market. ..
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