Mobile payment is now rapidly gaining popularity in large and medium-sized cities such as Beijing and Shanghai. However, not all Chinese are familiar with this new method of payment and many elderly people are still used to traditional cash transactions. As a result, some experts assert that the rapid popularity of mobile payments will keep the elderly out of the consumer economy, thus affecting their quality of life in their later years.
Because of their advanced age, many elderly people do not shop directly, and the goods they need are generally provided by their children or society, and they are very happy in their twilight years can best question the expert's assertion.