China's Great Leap to Wallet-Free Living | Moving Upstream
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- Опубликовано: 17 янв 2018
- No cash? No problem. A trip to Shenzhen, China highlights how the explosive growth of mobile payments is driving a wallet-free society. WSJ's Jason Bellini reports.
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When my family was in Shenzhen, they were surprised they couldn’t pay for train tickets. Someone showed up and used their Alipay and payed for them. When my family tried to pay them back they simply refused and walked away. Such a kind interaction!
كفر
look at ameriacan commie propaganda "news" praise chinas push for no cash . how else will the new world order push mr .666 mark on people . they can not track you or control you if you use cash . its no surprize satans minons in the american fake news love the idea .
@@boracay12 XD
Idk why people like mobile cash but that's not it lol
Yup just trade the forced masks and vaccine for a forced "mark"
No mask ? No enter .no vaccine ? No travel . No mark ? No money . Plus go to jail .
Just saying, paper money itself was also invented by Chinese, in around 1000 years ago.
. . . and 1,000 years later, mobile payments invented by Chinese.
First metal money / coins also found in China
Also paper is invented in China..
First iris-scanning money will also be invented by Chinese.
so was the printing press, but they failed at using it beyond its abilities. They learned from others. Like others learned from them. The circle goes in cirlces
People be like "OMG, everything is traced in China", while watching this video with their RUclips-Account, connected to their Google-Account.
Google had more skyware than the chinese apps. Google doesnt make it public doesnt mean it dont exists
You don't need to verify your ID with a google account. Yet.
Julian Nagano hahaha! Americans are the most brainwashed people. Sadly they don’t realize that Chinese approve their monitoring while Americans don’t even know
So does Google use that information to censor, arrest and jail people who talk bad about the government? Do they limit your basic life operations, such as buying airplane and train tickets?
Think not.
@@joonjoon819 um yes. You can test this if you don't believe me. Start writing a bunch on pro isis stuff on twitter fb and RUclips. Then try to buy a ticket to Syria. Youll be lucky to get within a 100yards of any airport for the foreseeable future
Living wallet-free?
*Germany has left the chat
Yeah, some people look like I am from the moon when I use Google Pay in Germany. I guess nowadays all supermarkets accept mobile payments, but the big laggers are restaurants. Plenty of restaurants don't even offer card payments and they see no reason to do so.
In the opposite, I know some familes who run restaurants here in Germany and they routinely falsify their tax records, which wouldn't be possible with card or mobile payment.
Tarik Hamani so true
Germany has a lot of problems with social politic and people should have enough cash to buy in supermarket, because many of state agencies controlling their bank accounts and it will be not enough money for living in the pocket of the German citizens.
i was at dokomi in germany, i could literally buy nothing, cuz i only have 6 euro cash... and park cost 6 euro, no card accept :/
@@yaomingdong8250 In Scandinavian countries is much better, Germany is far behind in this technology, because the state do not spend money and they do not want to spend money.
The moment you using Google Chrome, Facebook and other programs, your data privacy is already surrendered.
Mxdanger Gaming and you think that google and apple are different? Wake up from your bubble!
Opting out doesn't really mean you are opting out. Data is still collected. Watch TechAltars video where he explains that your location data is collected even if you disable it.
Mxdanger Gaming You remember the Major was told when she said she refuses to provide her consent, in the movie " ghost in the shell"?
Also, what do you think they are going to do with your data, apart from sending you adverts?
they don't have Google
that is true
okay, so china is cashless.. but for me, im pennyless 😂😂
Work harder, then you will make it.
@pop sickles Copy that 😆
Wow dont gotta brag you got dolla dolla bills
Goes to America but been to China many times ots there and opposite
"the government already knows a lot about me. i'm not commiting a crime don't give a sh8t." -Naomi Wu
What if she has an opinion about the government in the future that she can not have. Or the government is looking for a ethnic group of people too eradicate. You can not blindly thrust such a state driven entity.
@@JoostterLaak hmm good point of view
@@JoostterLaak She's young and too dumb to figure it out
@@JoostterLaak Westerners are too much WHAT IF kind of shit in their narrow mind.
she is stupid. Sad
laughing at the western journalists saying people in the west are more protective of our data
out governments are literally doing the same shit or worse
Our*
Same shit or worse? Don't know where you're from, but is your government using the information to publicly shame you on tv, automatially censor whatever you say, stop you from buying airplane and train tickets, etc. and pretty much limit your daily life capabilities? I guess not.
China is already an Orwellian dystopia realized with 21st century technology. Think again.
@@joonjoon819 The Canadian govt will suspend your ability to renew your passport if you've outstanding debt, particularly govt debt such as student debt. Have you forgotten the Snowden revelation on PRISM? All your internet, calls and text activities are collected and stored. The US govt does the same thing, they just have the extra step of issuing themselves a warrant before they decide to make the move to crack you down
@@72dew
72dew
Well then why not go to China and see for yourself? Try getting censored real-time on your chatting app, or better yet get arrested. Try Tweeting anything bad about your country's leader, then try the same thing with Xi in China. Chances are the results will be drastically different. Or try searching for anything the Chinese government doesn't like on Baidu (their government-sanctioned equivalent of Google, which is blocked in China) and see the results. China has created an entire alternate reality of information that separates itself from the rest of the world. It's nothing quite like any other country in the world.
Keep in mind this "credit" thing in China is nothing like financial credit banks assign. It's a nationwide scoring system that evaluates you based on your... literally everything pretty much. Consumption pattern, sexual orientation, political views, you name it. Everything that you don'y believe should count, counts. Chinese smartphones are basically Telescreen.
I've been there, lived there, saw it for myself. I have a friend in Hong Kong who doesn't even want to talk about anything political because he's paranoid his chat might be tapped by China, even though he isn't even in the mainland. He goes to mainland to see his family, and that's when I lose him for a few days because he doesn't even want to talk to his fruends through this app that is banned by China. That's what this country does to you even if you don't actually live there. Censorship isn't mere inconvenience there. It's a very real threat to everyday life that is present 24/7. Don't ever compare China to any other country. It's an insult to those countries, unless those countries are North Korea, Saudi Arabia, and a select few other regimes.
Google doesn't arrest you after seeing that you criticized the government
_Americans are scared about data privacy_
Haha, have you read Google, Apple, and Facebook's terms of services? I'll shock you.
it shock if you belive in it , XD
Google is relatvely transpsrent. I don't use facebook nor apple sevices.
nah we just skip read that boring long page and go to click aggre on everyting, seriously i have no time to read all that bulshit, i have work here 😅😅😎😎😎😎
Give me your first and last name and I will find the schools you went two, any police reports, any convictions and all your ID. Information through an american website that sell those information for 9 Dollars. Dont let me start with your SSN lol
中原マリ its not that.
You pay % non stop per every transaction.
What if i want to gift some money to friend, i must give money to GOV also?
I just came back from Beijing last week and I found it really weird to have to use cash again in Australia. I was in china for 2 months and I never used cash or credit card once. Some shops even don't accept cash anymore. Everyone uses their phones and WeChat to pay for things. Like the street side vendors who have portable tricycle stores use QR codes instead of cash.
DawnofDragonfire the only thing about this “convenient” payment method is that you need a Chinese bank account and most tourists don’t have one and can’t open one so this new trend becomes super inconvenient. I don’t know how you were able to use Alipay or wechat pay 🤔
Arenita 89 If Alipay or WeChatb accepted some cryptocurrency it might help
Pedro Soares china banned cryptocurrency
You don't necessarily have to have a bank account, you can have someone transfer money into your WeChat wallet from their WeChat wallet. However most people choose to add their bank accounts to the wallet for more covinience.
itayi zinzombe i tried that and it didn’t work. You can send a red packet but the other person won’t be able to catch the money without a Chinese bank account. Even the guy on the video mentions that he couldn’t use this “convenient” payment method because he doesn’t have a Chinese bank account. It will be wonderful if china can make visa/MasterCard/American express accepted in more places in China so we can use alipay to pay for our stuff.
20 years late I will be like
Back in my day, we have paper money called CASH
I would rather pop a cap in my head than support that system
Quinn The Quartz Ok ok man you can continue using cash
@@user-li8cc9nk1h I see it is more important than to have freedom than to survive by this point.
Quinn The Quartz while you have to keep up with new generations
@@MaoRatto haahahahahahah try dropping some comments abt isis vietnam or anything related to terrorism. N then go to the airport. Srsly try n c what happens
I'm an American living in China and I love using my phone to pay for stuff; I missed it when I was back in the US
🤔🤔🤔😯😯😯👌👌
I didn't miss to use VPN to get on Internet
That depends where you’re at in America
Card
When you've watched the entire video and the most magical part of all was instant mc donalds delivery by a river .Just standing around and instant McDonald's ...china is out here living in 3018
yeah. I had McDonald delivered to my hotel at 3am on Sun...
I’ve seen a joke in China about delivering to a specific stall in a particular bathroom
It's GPS location based.
Yeah that's pretty much available in India too.
you can get mcdonalds on ubereats in the uk
Wait.
You Americans are using creadit card and Applypay. Your government still know your information. What's the differences with paying with We chat or Alipay????
Double standard again?
Americans HATE that the government can monitor credit transactions. We fight against these invasions of privacy in our courts.
You trust your government and corporations more than we do.
兔快跑 Americans are just being jealous that China is getting stronger and better day after day.
You are correct, it is the same. The only difference is that we are reluctantly succumbing to the social pressure to sacrifice privacy for convenience, while China seems to have dove in head first with a blindfold on long ago.
兔快跑 The government doesn't control our private businesses like in China's does
Andre Not jealous happy the stronger you get the stronger we get
Wallet-free?
I already am.😢
Me too! Just too poor to have a wallet
Youre not only
7:15 this sounds like a terrible idea great a compony is a monopoly on money and apps amazing just lovely
9:45 literally said it all LOL I feel you sis!
K226 exactly! Ppl who think that they still have privacy while being online are lying to themselves... American gov has all of our info, so why not implement a one app does all type of thing? I mean... Facebook already owns like all social media..
@@Partyhardrocker because that's a terrible idea giving one app a monoply on your fu**ing money other apps etc... it's just a matter of time until there like 5% for the producer fee becomes a like 60% fee or some other sh**
The argument of not doing anything wrong is the oldest argument known to surveillance. It's so ignorant, and stupid.
@@stevenp.3018 Ya ya
"Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say." - Edward Snowden
The last time I went to China (2012), they still using cash.... and now they don't. That's quick.
China moves at chinese speed. And chinese speed is faster than anything in the west.
Not only in Shenzhen,almost everywhere in China
it's like everywhere in China....
Eddie L maybe not everywhere，just in cities. we still use a cash a little, i am now studying in a city about top 20 in china,use cash somewhere around once a month.it is just another choice.though i perfer it to cash.many old people are still using cash.
Last November I went to Shanghai, I had to try my best to collect coins so I can buy tickets on the machine for the subway. And this March I was in Shanghai, Xi'an and Guangzhou, I noticed that you can just use your phone to check in and check out easily without purchasing any ticket. It really changes fast.
Shout out to Naomi!
serpentza Hey! Winston of South Africa!
Shout out to Winston!
did not expect to see you here. Hope you get featured in one of these types of videos. It's been long overdue
Winston my guy
stay awesome :D
DON'T ASK QUESTIONS, JUST CONSUME PRODUCT AND THEN GET EXCITED FOR NEXT PRODUCT
You chose Naomi for her skills. Sure ya did!
ikr
stephen hunter she’s cute tho
@@eduardov.2324 I'm not mad at him. Just pointing out the obvious.
I laughed when he said that too lol
I bet she got some mad stick skills. Girl looks like a freak in the sheets.
Nice one WSJ. You are about 2-3 years late to the story, but you did cover a lot of the new developments in mobile pay.
A few other aspects you missed include:
1. Street vendors without electricity can accept mobile payments through a qr code they tape to outdoor poles.
2. Metro stations can scan your phone at the turnstop to pay for a ticket. No more metro cards and cheaper than using metro tickets.
3. Alipay also has credit accounts where you can borrow money and index funds where you can earn interest on your savings.
"We chose Naomi because she promotes Shengzens tech lifestyle"... That's not why they chose her, lol.
She's bought herself a very nice pair great style too
It’s so true. I come from Shenzhen. No cash or cards needed. Life is so convenient there.
Now i know why every chinese phone have hugeee battery cappacity
@cee050 no power no money.
hahahaha.......i have.but it is small.like a phone.
There are powerbanks in every Hotel, Restaurant and any public places. Scan with Wechat or Alibaba to use power bank. Cost usually 1-2 Yuan per hour which is like a couple cents (
I’m in China and everyone here haven’t seen cash for a year.
Illigal internet!
Thats sad, here in Germany 80% of payments (exept online obviously) are payed with cash. We dont even have Apple Pay yet...
Even new years's eve red enveloppes are given trhough wechat now.
The next Kanzler that’s because you germans after nazis collapse (which resulted in heavy debt to the Ally countries and collapse of the bank) are afraid of trusting banks even to this day.
min ling Yeah i guess that’s true.
That's amazing a guy in my school lived in that city for a long time and said it is very futuristic
Wechat:We collect people's data
FB:Hold my beer
Fake news
I share the same general point of view as the host for now: "the government already knows everything about me, as long as I don't commit a crime, they don't give a ----" That's a more practical way of seeing everything and yes as AI evolves and these services do as well, there will be more questions and at the end of the day, data tends to help us.
@Albert JacksonGood question. It can become solypsitic. Who decides? At the end of the day we have to find agreements and technology gives us access via agreements. I find that to be fundamental in the future as the world changes itself quicker. I don't have a good answer right now, but the envitability is building smarter and smarter system that help us. Those systems are being used all over the morality spectrum as we're noticing more and more. Eventually, we the people have to decide based on the tools we have available to us. I don't agree with China's way of doing things, but a centralized system that uses connected data to help it's people is the consistent pattern of benefit I find. That will also be controversial in and of itself. The direction that Estonia is going in seems to be best. Frankly it's going to be a combination of things such as advanced AI to learn about human morality, smarter platforms, and more exposure of the psychology of harm that can be objectively identified around the world. This is going to take a couple of generations at least for us all to figure this out. If there's another practical solution or way of thinking, the world generally seems to be all ears. I'm still learning all this stuff myself, but this makes sense to me currently.
@TheAlexanderUchiha Elon Musk actively works with OpenAI while also advocating for AI restrictions. Looking at the whole picture, I would refer to the story of the zen master and the little boy. That's kind of what I'm seeing. Otherwise this is just solipsism. Microsoft actually had a decent pitch for using AI data for scheduling: (2:54 - 5:25) - ruclips.net/video/YZkp0qBBmpw/видео.html. That's the intention at least. I'm not really a fan of arguing or debate and so I'll leave it here and it could turn out that I'm wrong and I'm OK with that because I keep learning. I just see a lot of support toward AI helping us. My final thought is that I personally see just as much malevolent use and benevolent use in the real world.
@Albert Jackson What? Since when all Asians love to eat living food? Only very, very few Asians do this. What you're mentioning just now shows your racism based on ignorance.
@TheAlexanderUchiha before you think hes naive, come with actual evidences of thought to back up your empty arguments, the way i see it is that he perfectly described the overal circumstances regarding the evolving AI and data technologies and its implications on the future society
Every monitor and every camera takes sides.
Well Naomi, I hope that guy paid you back for everything you charged on your phone.😉
Paid her exposure bucks probably. Accepted no-ware.
She probably has moremoney than them.combined
She don't need it she's richer than him
LOL, yeah , be a man!
Lita Ziang Okay, Naomi is a highly educated and independent woman who excels in a technological field but go ahead, and focus on her boobs 🙄🙄🙄
I wish America would be more open to these new forms of payments. I feel like USA banking system is still using fax machines.
earlyriser68
We just got the security chip a couple years ago. We are at least 10 years behind China on mobile payment adoption.
Correct
correct, using a lot of paper checks as well lol. last time Chase was asking a document from me, the only allowed methods are fax and mail... i have to either find a fax service or wait 7-10 days for the envelope to be delivered without tracking
Mobile payment went popular so quickly because we skipped the credit cards which have already been integrated so deeply in developed countries. It’s a direct transition from cash to mobile payments.
The advantage of it is much lower processing fees 0.1% vs China Union Pay 1% vs Visa/MC/AMEX at least 3%.
Big players like those processing networks and huge banks won’t let this happen in the US. They don’t want to loose their market shares.
Amazon go?
I live in China and a local grocery market has been refurbished as a cashless payment system My wife has not handled cash for years now . I have been refused payment by cash or card .
the gov already know n im not committing any crime and i dont give a shit... line was priceless hahaha shop on...shop on lol
It's like the woman said, her government already knows/or can know everything about her, why would she care about the data the app is collecting if it makes her life more convenient. If I lived in China I would do this as well. I already never carry cash. The most regular cash I use are quarters to operate my apartments washers and dryers.
In America it's a bit different, because it's privacy you have to protect. With that I don't think that privacy on the level we've had before is attainable, not if we want to participate in the modern world. I think the focus will have to shift to what access the government has to that data and when can they use it.
So u still have no idea that US government have all the data that they need?
exactly.. i live in china since 2011 and in the last 2 years wechat wallet is king... very practical, even to send money to your contacts is very easy,. but i still use cash sometimes... i just top it up with the money im using that week for example, those mini apps for food are very convenient it works because also they have lots of people in the delivery service....( just dont put all your eggs in one basket) keep the cash
JessieBanana they should ban all passwords.
JP jay Fake. There are lots of cameras in China indeed, but they are installed on street and place such as banks or government offices.
NO camera in private places of the f**kin course, so there's no 24/7 shits unless you were a homeless who have no job and sleep on street.
And the so-called credit score is actually a blacklist of those people who dodged very much debts. Government post them on social media to warn people don't borrow them money. Posting their names and photos on internet is somehow violating their privacy indeed, but it's fair to those cheaters. And it has nothing to do with ordinary people.
杜子垩 it woild be impossible to monitor so many
insane episode. love your show guys. keep up with the insane stuff !!!
Wow! Naomi wearing actual clothes!
Would like to see an update to this in 2022
Fascinating stuff. The only reservation I have more than data privacy is how everything is so dependent on apps that if you lose your phone, you basically stop living.
Smartphones in China are as cheap as noodles. If you lose your phone, you buy a new one.
Buy a new one and download all your info from the cloud, so easy
that is why the next logical step will be body implants! cant help it
same goes to electricity, which we can not live without now.
Not just that but one hacker attack ok the data infrastructure and all of society breaks down? That's scary. It's one thing if "system down" means you'll have to wait a couple of days to eg register a new car. But when you can't pay for anything without that system anymore? Even a bottle of water? That's bad. If electricity broke down here for, say, a week it would be hard enough but ppl would figure out ways to work just on cash in the mean time. But if nobody has any cash anymore and nobody is prepared to accept it then what? You have a larger power outage and all ppl could do is shoplift or rob?
I can't agree with someone in comments saying that Chinese government bullies or "controls" the private company. It is nonsense. The economic market in China is controlled by both government and private capital. It is the fact that why China can survive several financial crises and still maintain developing.
Junan Zhu ruclips.net/video/OQ5LnY21Hgc/видео.html
First, you are arguing a different topic from what I said. Besides, Apple is also collecting the data. And probably government also need the data from Apple. Who knows? For both cases, which one do you prefer, collecting by private company or government? Nobody wants their personal info. being leaked or collected, neither am I. However, the reality is every government is doing this. This situation not only happens to normal people but also happens in the business world. They buy the data and analyze the data which, to some extent is known as competitive intelligence (CI). Anyway, it doesn't work if anyone wants to use the theory beyond the system to explain what should happen and how should it work. Data collected by the government is not always bad. They may help the government to research and analyze the habits of users or other functions. There are tons of business running in China. Business owners and business representatives have the right to say their wants and needs in front of the government. I understand sometimes there is drawback which is more centralized compared with the western business system. It is still on the right track to help the small and medium business to develop, such as tax cutting, easy to loan at the bank, support from the university to set up business and so on. Time is flying, the policy is changing, and world is tranforming.
If that does turn out to be true Zhu, Apple will be hit by a barrage of lawsuits when they get caught with their pants down leaking sensitive info about their customers to the Government. The western countries' very concept of Democracy and the independent status of their Judicial systems is a marvel to behold; which I doubt the Chinese will ever see at least for a century from now.
*the illusion of "democracy"
and why trust any private company not to sell you out (unless it states otherwise in their policy)?
Nithin Thomas I think that the Chinese like the idea of democracy, tbh, and that's ok. "Freedom" as the west thinks of it isn't for most people. All that most people care about are their basic needs are fulfilled, and that's it. You don't need "freedom" for that.
I've been living in Shenzhen since 2005. It has been changing fast, really
We've ceased to use cash in Denmark. I haven't payed anything with bills and coins for years.
It’s pretty pathetic to see all the face saving reaction from online trolls: “oh I’m backward because I care about the so-called privacy”...really? Then why did Americans rush to install ApplePay GooglePay etc., yet realized only limited vendors and merchants support these platforms -- Silicon Valley tried, but failed, and it has nothing to do your worthless privacy (which there is none, you just don’t know it, or are too ignorant to figure it out) but rather the outdated commercial/financial infrastructure in US...and the government has done such a good job of brainwash the mass media with anti-China rhetoric that if you take a step back you would realize how the two sides have almost switched places 50 years after the cultural revolution - US now dwells in ideological and political confrontations, yet is overly conservative and afraid of change...China on the other hand, is now practical and willing to adopt change...
At the end, e-payment is about the advancement of consumerism, something championed long ago by United States, but now augmented by China...
Aur0ra12 AMEN. I am an American and I agree with this 100%.
lol, you are dumb. the cultural revolution killed 45 million of its own countrymen and women. not commies anymore? LOL how many political prisoners does commie land have compared to USA? keep lying to yourself buddy
seriously, you need better reading comprehension...where as i was pointing to the underlying factors that cause the cultural clash that was the culture revolution, and all the hate crimes, racial tension, and social divisions here in the US...you on the the other hand, armed with your 3rd grade education, only focused on the stats...heck, if political in-fighting and ideological struggles continue in the US society at the current pace (and with more simple-minded yet divisive idiots like you), you might see death figures go up rapidly a la the culture revolution...and that, has nothing to do with democracy or communism...
hey dummy. dont reference the cultural revolution unless you know anything about it. go play with the legos & leave the heavy lifting to your mom lol
here, A+ from your 3rd grade sociology teacher for that brilliant reply! (and people wonder why US society is in turmoil and easily manipulated...we've THE answer in him)
Wu herself should be trending. Been a subscriber forever!
How can I get on board with such minds to create my own better version of this!! It’s incredible! Bravo
A great report on the techniques being used to go cashless, but I wish he would have spent another 5 minutes covering pros and cons for consequences. Another thing in China is the Social Credit system and I would have loved to see how that ties in with WeChat.
it doesn’t tie in with WeChat at all, they are separate systems
Canadian here. I use wechat pay whenever I'm in China though. And I absolutely love it! No need to carry cash or wait for change. However, I do find that I end up spending more than I initially intended to because of the convenience of it all. It'd be great if we had something as convenient over here in N. America though. However, due to privacy issues and how protective all of us are of our own personal data...I'm not sure I can see this ever happening over here or becoming popular anytime in the near future...unless there's a major cultural paradigm shift.
Chloe T lol Canadian say North America all the time because they are ashamed to be a Canadian. Reason of this is Canada contributes absolutely nothing to human civilization
I think the cultural paradigm shift has happened without you noticing, after all Google or Apple or Facebook and your cell phone provider already have your complete movement profile, from which they can infer various facts about you with some certainty - plus your web browsing habits, plus your phonebook and list of people you communicate with.
But what if technical paradigm shift can be substituted instead? What if someone delivered an open ecosystem in which independent parties could agree on payments without a central infrastructure other than the Internet? After all, every phone has a web browser, a QR code is a URL, and every vendor can host a web server or choose one among many to host one for them. And then there are of course cryptocurrencies.
@dollarama boy, yes. Lucky her, she doesnt have Donald Trump as president, you do. Not much civilisation left there when you have president that can be quoted for saying "Grab them by the p*ssy:
@@dollaramaboy4868 and? We enjoy living our lives and doing our own things. No need to be so judgemental about it lol.
@@Clarity520 Corporates are not your friend. Be judgemental...
Depending on a smartphone for your whole livelihood is not a good idea to start with. Many things can and probably do go wrong.
Then you have to agree certain terms or agreements to use those apps. Your phone tracks your GPS location, browsed and purchased items, your online activity, contacts, camera, microphone....
Makes my life so easy to just use my phone to pay for everything... South African 🇿🇦 living in China 🇨🇳. 很喜欢。中国生活很方便。👌🏽👌🏽👌🏽👌🏽👌🏽
Naomi’s reply is on point... already Governments all they need to about their citizens.
they talk like the usa government and nsa dont know nothing .
so what the difference from NFC payments? This QR codes looks the same but you need camera to take a shoot. I'm wondering, how easy is to scam ppl and place somewhere your own QR code and steal the money
@@s.i.m.c.aYou don't know the detail of mobile paying.QR code is normally provided by sellers,if someone steal your QR code,they can only give u money.
Is it easy to live I China ?
It's unsetteling when private companies fully control your money. Imagine being banned from this services, you'll bascically starve to death.
Imagine that happen, the private company also starve to death without customer.
it's illegal to not accept paper money, so no
It is also unsettling when private companies decides what you can say or not say. Imagine being the president and banned from the major Internet platforms... it is the same, man.
@@jxmai7687 they dont need one single person
Americans support free market yet they are more interventionist on economy affairs. That isn't true freedom and it's a shame to those ones who truly defend freedom with all of it's consequences. Only freedom will come when public goverments cease to exist. You constantly spread propaganda in favor of free market yet you dislike private companies that takes power away from government by offering better services. Free market is all about private institutions and people who agree on services that are private. Free market is not mercantilism
when i was in china, it was so much easier to buy things and also to go out. I really miss it that here in europe that we don't really have that. Okay, we can pay by tapping our phone on the cardreaders, but many stores are still paper money/coins only, so that makes you that you have to also carry a wallet with you
It's a good way to prevent money from leaving the country I think.
She is also a maker and one of my favorite maker channels on RUclips.
She got a point! 9:39 😂They already know everything
Nhi
Yes but her values of privacy are also not a priority bc she doesn’t “give a shit” as she put it. Basically she is giving up her liberty for security. And she is ok with that bc its not something she is concerned with, (let the government make all the decisions for her) that sounds like someone who just doesn’t give a shit, she’s got other priorities like doing her nails or buying a latte. What a waist of a human being.
@@leonidas6134 not that she entirely right, but why are u guys in the west so fearful towards security. It seems like you guys were raised to be a fearful being, such a sad people man.
@@leonidas6134 It's not like she's giving up her liberty and letting the government make all the decisions for her. Chinese people are freer than you think, she's happy with her current life and although the government might know a lot about her, she TRUSTS her government, so what's the problem ? ... the fact that she doesn't "give a shit" makes her FREE, she just does whatever she wants to do as long as she doesn't commit a crime...
On the other hand, westerners fear their government and big companies such as Google or facebook and don't trust them at all...
I would rather be a Chinese citizen who doesn't have to care than an American who lives in fear
@@leonidas6134 She doesnt need to be concerned with privacy because she already knows that the fight for privacy is already lost. Americans keep this defiant attitude to convince themselves they are in control when in fact they gave up all their data a decade ago the moment they signed up to Facebook, Amazon and Google.
Just because you get to put a piece of paper into a box to choose your president doesnt make you any more free when dealing with corporations.
@@leonidas6134 is of an important figure that the government wants to know what he had for dinner last night, and the night before. so much so is he extremely paranoid about giving away his privacy but yet signed up for multiple accounts on facebook, youtube and whatnot. Leonidas should probably join the frogs in the well, i heard they have uninterrupted privacy there
So apple steal the idea from wechat Interesting
you need to scan the qr code when using wechat pay.
Every time I went to sz, I felt like I'm a farmer with cash and visa. Everybody just use phone to scan and pay. I also want to make some videos about people in shenzhen!
I’v just moved to Beijing for a week and im deeply in love with wechat pay. Its not just a “chinese paypal” equivalent, not its a whole system! That why in china you can order food to be delivered to your home, call cab, buying daily stuff from the store and hve them delivered to your home, payrent....you get the point. It makes the western way of living feels like its been left waaaayy behind in early 2000’s.
Everytime when I hear westerners say “my date/ personal info privacy”, I always think they are way too naive.
If you actively try to stay private, you can at least make holes in the information you are emitting, or make the data harder to get. That's better than just handing over all the data without a fight.
Not even having the option to try would be sad.
It's really a shame that people already forgot Snowden
@@user-wl9gi6ld3o I totally agree. Snowden is a hero who blew the whistle on sooooo many unconstitutional things the US government is an has been doing through its' "national security" agencies. Good thing Americans have the right to keep and bear arms!
They are also naive !
@@hasselnttper3730 I would say the US government is hypocritical but the security measures are legitimate, at least in my opinion. People do horrible stuff actively evading these security. Human trafficking, drug epidemic, none of the criminals will willingly give you their information.
Watching this again in 2020 because I suddenly remember that I watched this video not long after it was uploaded and got really amazed, like, that was really cool!! Then a year later, being cashless and wallet-free has become my habit just like these people, thanks to Gopay & Ovo.
The fact that her phone screen was cracked proves the iPhone user crack screen theory is worldwide
This will be nice for everyone because they can track their income and spending very easily, while using cash, it’s sometimes hard to know unless you keep all the receipts😅 it’s also very beneficial to the business because they will give out recommendations based on what people like and purchase the most. The world we live in now, just wow.
0:15 OMG I SEE MYSELF IN THIS VIDEO!
ur dead mate
Really interesting video, thanks.
Data collection and personal security momentarily aside the tiny detail that grabbed me, coming back to this, was you don’t download all the sub apps, they are just there when you need them and gone when you don’t. Think of all the space on your phone you could free up that way. Right now everytime I download or update something it’s ‘what can I get rid of?’ You can’t switch and change between apps whenever you feel like it. They are all fighting over retail space on your phone. If there was a central social app or gaming app or work app or news app etc I could see it being picked up much faster then a banking app and then things just snowballing from there as people get more comfortable with it. Good thing or not.
Then again I think fast food and shopping may already be there or getting there just with lots of stores in one app not apps within apps.
Basically focusing on up to date legal data privacy, security and personal rights laws that are upheld may be one of the best way to tackle the coming future, rather then trying to stall it, particularly now we have an idea of what that may look like.
Edit: and as people have commented below, yep we already have Google, Facebook etc. Hence laws.
Welcome to 21 Century
+ercan killic
b-b-but muh current year
4869 APTX cashless is no big deal. Millions of years ago people didnt use cash either
Wow! Sexy Cyborg is featured on WSJ.
Neat right?😊
Hello Naomi ʕ·ᴥ·ʔ
DBR Liamg I feel sorry for your ignorance. I am awoman proud of what Naomi Wu is capable of. Every person has different sets of skills. She is so blessed to be at the technology in Shenzen. Not everybody has access to the parts or components of what Naomi’s gadget inventions.
bluzshadez said "Sexy " because it's part of Naomi Wu's (SexyCyborg) RUclips channel name.
She's a character, go beyond her looks (which is all part of her theme) and you'll see she's made some awesome stuff, very interesting channel.
You are right! I enjoy mostly Naomi Wu's build vlogs. I don't have tech abilities like her, which is why I enjoy learning from her.
2:12 "we chose her because she has a huge rack... of servers at home"
You left out the most important info. By not using credit card/debit card you cut out the middle man. Banking fees and credit card companies charge a lot of money they add up.
one of my friends works for an adtech company in the states and we don't have any privacy either, just the illusion of it. tech companies here would LOVE to be able to dominate mobile payments and make it the norm like wechat and alipay have succeeded in. what's stopping them is america's already deeply ingrained habit of swiping card and the credit card companies themselves, not anyone's concern about "privacy". you think that's enough to stop any tech company from doing anything? lol everyone in the comments is so worried about Big Brother China, but they're still watching this on chrome, feeding their data to google, laughing about people being sheep an ocean away, but can't see the reality two feet in front of their own faces.
„the government knows everything from me!“ I mean, actually in western it is the same, remember the PRISM
When she told him that she could pay before ordering her meal he responded with a stereotypical Chinese accent and said "oh rwealwree" at 3:22. LOL
It seems like as time goes on we inch closer to the kinds of realities that are depicted in movies and it keeps getting crazier.
Could someone address the Elephant in the room, CRYPTO Currency! Once everyone is scanning/presenting QR Codes will they switch to Crypto wallets, yes I'm talking about wallets such as Jaxx or Coinomi? Americans want some form of privacy, Monero can do this, for speed (yeah waiting 10 minutes for a bitcoin confirmation is not going to work) DASH and FLASH coin would handle that. Will Americans take the extra effort to use Crypto or splodge every aspect of their life into WeChat/Ali/Applepay?
China is the most advanced nation in the world.
8:12 introducing, the macdonalds man! :D One of the latest super hero additions in China!
Everyone Excited for the future. China already living in the future.
China is a technocratic Communist dictatorship
If China is so great why does Hong Kong not want to re-unify but instead still have 2 separate systems
@炎黄子孙 God bless the freedom loving people from Hong Kong .
@炎黄子孙 China is a technocratic Communist country devoid of freedom for it's citizens . If mainland China was so great why does Hong Kong not want to have a part of you wonderful "shared future"?
liberty five idk can you explain why please ?
usa is stagnant. China is progressing.
correction: usa is going backwards due to the resurrgence of fascism with it's new leader 2016 elected
I'm From Beijing and been to /lived in the most developed western countries. As well as many smaller remote areas in China. I feel surprised that many western people are so ill-informed because China feels more like a developed country in many many senses. Safe, fun, technology-driven convenient and even more sense of freedom.
Lived in China and US for same amount of time. USA looks like a developed country in most places, and China looks like one only when you're in tier-1 cities (like Shanghai) or the center of non tier-1 cities
Infrastructure is way beyond other countries but culturally you've got a very long way to go. I think once the older generation in China pops their clogs and stops passing their habits onto their grandchildren you'll progress.
A developed country like US can’t really compare to China until they develop a more noticeable middle class, consider many cities and area in China cant access the Internet or even living spendings.
Actually, I went on a school trip Spain, and my Chinese friend has reverse culture shock when she had to use banknotes at least 90% of the time.
@@dockozo2459 1 billion Chinese have internet access as of 2019, a minority do not (400 million).
I would keep paper money as back up. I don't use checks, debit cards either. I usually use cash or big tickets stuff credit cards.
Most other countries are catching up fast too. In Malaysia, the govt started to distributed dividend to all citizens age 18 and over, via three choices of payment app (Grab Pay, Boost Pay, TNG e-wallet).
Rm30 lge
PayTM is implementing all those in India, and they are almost getting successful. And they are backed by Alibaba!!!
Rahul Thampi not a good thing.
Cash is still the best.
Digital money is the future, accept it or not your choice. In the current digital world, cash becomes a limited source of payment. I'm a supported of digital money.
Rahul Thampi so, its almost successful lol, it will never be, and as u said, even if it become something, most of the money will get into alibaba’s wallet lol so funny, i dare u guys to get to make something urself, time will tell losers will always be losers, past present and future. Just try
I don't understand why people always pick up fights? Is it you don't have anything productive to do with your life or is it something with your personality? Who am I to judge It's your life. Live as you want!
I would be screwed over there. My phone always runs out of battery...
Shared-portable power banks are available at dozens of big cities now which saved my life once.
Then buy the charging case from the same company that costs you half of the new phone lol
theres a lot of powerbank all over the cities .
Buy a charging portable or buy a phone with longer time power provide but soon the problem of running out battery would be fixed
Me: bought samsung with 2 battery
Ran out of battery, change battery
But it was waste
Similarly to Sweden, I haven't used cash for over a year. I only use a debit card or my phone to pay for everything here. Some stores here don't accept cash anymore.
Rejecting cash in payment is illegal here in China.
Thank you dear sir for this vidéo, I like it, I understand many things!
Naomi is really hot
Haha
+Ski Fall the best thing ever happen to me is: my GF dresses like a hooker, but she is NOT.
She's smokin' Hot!!
spypy5984 Naomi is a Japanese name
No, she actually isn’t.
as much as i don't like the surveillance state, boy would i love to use all the cool apps in this video.
I love how she said "the government already know everything about me, If I don't commit a crime, I don't give a shit".
i remember publicagents video starting like this where is the next part ?
The problem is that this whole system that is coming up, is like a prison you cant touch. I mean, it is already kinda like this, but in China it is extreme.
Finaly some sober comment in the sea of naive people...
Philippines is starting to adapt to this with PayMaya and GCash.
(I use PayMaya)
when she said "one app to rule them all", I lost it
We are all going this way, I called it years ago then a few years later we had our buses turn cashless in the UK, few years after that we got chip and pin. Watch, they are slowly getting is used to it.
Same thing here in Somaliland ....we dont use cash much cause govt can't afford a lot of cash so we use a SMS service called zaad....and people pay each other using codes or short numbers ..
Somaliland isn't an existing country idiot. Is it a region in SOMALIA? Yes.
Tbasko sauce Yeah you pay bullets
Yes Zaad in Somaliland is great. I worked there for a few months and after quickly discovering the delights of Zaad rarely handled cash any more. Even the street merchants had their Zaad number posted so even buying a few oranges on the street didn't need cash. And as it's all SMS based even a 15 year old Nokia basic with no smarts can do the trick!
So happy to see you worked with Naomi Wu!!!
She's very sexy but also very likable. Basically, a nerd's fantasy.
What I do not get is that... why Alipay and Wechat Pay do not expand overseas? Outside China, all they do is to aim at Chinese tourists. Why not go further and make it a household name and app in every country? So far only Chinese bank accounts can be linked to both payment platforms. They effectively limit themselves to Chinese users only. If they wait any longer, oversea copycats will dominate other markets. Are they really satisfied with Chinese market only? Or are they encountering difficulties when trying to expand overseas? Could someone please explain?
same reason us government ban huawei, ZTE, DJI......
@@user-qm8in8mn8w After seen this video i start to think is more about this than the 5g
It is really fascinating that we can use WeChat and Alipay now in China. Lucky to be live here.
tiananmen massacre
@@whodis1626
lie
Hey, HEMA(hey-ma) is a Dutch discount store chain! Didn't know they had one in China too😂
nah its 盒马生鲜 a chain store invested by alibaba
one app to rule them all. Sauron would be proud
In the O2 "tent" in London I payed this way in some general restaurant. Luckily I was O2 on my mobile so it was kinda good reciver so it went fine, however the platform was kinda crapy as i had to search out the restaurant from houndreds listed lol, nwm it worked it was fast and thats it. Still it was akward to just walk out afterwards as the waitresses couldnt really know that i actually payed or not and even if they noticed somehow with some screen they had like 15-30 seconds to double check before i was out. So its very iffy.
On other note I was in the same restaurant elsewhere, in Luton departure lobby to be specific and the reciver for mobile internet was so bad it actually backpedaled to 3G from 4G. So to download all 211+ list again was not happening and navigating in the app was super slow so I just gave up not risking a double pay or whatever.
So yeah, they either need broadly avaiable strong connection (5G i guess) to make this work and i would be totally down for that.
The technology itself is amazing, but the first time I heard about this a few years ago, I already know that it simply makes foreign visitors inconvenient
Facial recognition cameras can catch Jay walkers and an automated fine issued and automatically deducted from your mobile payments account. If cash is eliminated - the average person will be very vulnerable to the 'system'. So easy to cut people off. I'm not against mobile payments, but people are not thinking through the dangers of eliminating cash and having all transactions go through 1 or 2 service providers.
its funny cause she said if she doesnt commit a crime, the government wont do shit.... but what happens when the government just says fck it and charges everyone with bogus crime, what will they do revolt, turn off their online pay? not gnna happen.
In my perspective they have let go of all their individual freedom and privacy and let the government + co orperate have power over them... and they dnt seem to realize about how harmful that can and will be
I only focused on the maker’s personality
I experienced the same when I was overseas in the persian/arabian gulf countries. When I came back to the US it was so weird paying with card/cash
Good choice for your guide!!