Technology panacea for looming cashless society

Bothoko eating life with a big spoon in Beijing
Bothoko eating life with a big spoon in Beijing

BEIJING: Innovation is slowly changing the way money is perceived and exchanged, but in most developed countries the case is completely different as people live in cashless era. Mmegi Staff Writer PINI BOTHOKO highlights her observations about money matters in her first ever trip overseas

Most countries in Africa are well-positioned to benefit from rapidly accelerating technological change while Botswana is slowly catching up the pace. During a recent visit to Beijing, the capital city of China, Mmegi observed that China might be a global leader in mobile payments.

In Beijing one cannot find a person holding a wallet nor cash, not even to buy a cup of coffee or pay for a taxi. What they do is use their phones to pay for everything that they want.

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