False. World Payments Report 2018 https://worldpaymentsreport.com/wp-content/uploads/sites/5/2018/10/World-Payments-Report-2018.pdf https://worldpaymentsreport

False. World Payments Report 2018 https://worldpaymentsreport.com/wp-content/uploads/sites/5/2018/10/World-Payments-Report-2018.pdf https://worldpaymentsreport.com/wp-content/uploads/sites/5/2... China ranks the third of non-cash transactions organization after Eurozone and USA, and with its rate of growing, China will become the #1 in 2021, aka 3 years later. Actually, in 2016, WeChat alone has already reached 500M transition/day[1]. As for cash propensity, it has nothing to do with non-cash transactions. Chinese ppl just love keeping lots of money in their bank accounts. [1] http://www.sohu.com/a/129980516_324659 http://www.sohu.com/a/129980516_324659