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!

Just saying, paper money itself was also invented by Chinese, in around 1000 years ago.

People be like "OMG, everything is traced in China", while watching this video with their KZfaq-Account, connected to their Google-Account.

"the government already knows a lot about me. i'm not commiting a crime don't give a sh8t." -Naomi Wu

The moment you using Google Chrome, Facebook and other programs, your data privacy is already surrendered.

Living wallet-free? *Germany has left the chat

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

20 years late I will be like Back in my day, we have paper money called CASH

okay, so china is cashless.. but for me, im pennyless 😂😂

_Americans are scared about data privacy_ Haha, have you read Google, Apple, and Facebook's terms of services? I'll shock you.

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

Wallet-free? I already am.😢

Shout out to Naomi!

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?

Now i know why every chinese phone have hugeee battery cappacity

You chose Naomi for her skills. Sure ya did!

The last time I went to China (2012), they still using cash.... and now they don't. That's quick.

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.

DON'T ASK QUESTIONS, JUST CONSUME PRODUCT AND THEN GET EXCITED FOR NEXT PRODUCT

It’s so true. I come from Shenzhen. No cash or cards needed. Life is so convenient there.

I’m in China and everyone here haven’t seen cash for a year.

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

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.

Wechat:We collect people's data FB:Hold my beer

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.

It's unsetteling when private companies fully control your money. Imagine being banned from this services, you'll bascically starve to death.

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 .

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.

I wish America would be more open to these new forms of payments. I feel like USA banking system is still using fax machines.

Wow! Naomi wearing actual clothes!

9:45 literally said it all LOL I feel you sis!

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...

Well Naomi, I hope that guy paid you back for everything you charged on your phone.😉

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

Would like to see an update to this in 2022

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.

That's amazing a guy in my school lived in that city for a long time and said it is very futuristic

We've ceased to use cash in Denmark. I haven't payed anything with bills and coins for years.

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.

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.

It's a good way to prevent money from leaving the country I think.

So apple steal the idea from wechat Interesting

Everytime when I hear westerners say “my date/ personal info privacy”, I always think they are way too naive.

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.

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.

I've been living in Shenzhen since 2005. It has been changing fast, really

China is the most advanced nation in the world.

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.

Wu herself should be trending. Been a subscriber forever!

When I was living in Japan back in 2010 I'd say 30% of people were paying for everything with their phones. The US is strange. We are slow to embrace high speed rail, pay by phone, etc because of so much big business opposition. Oil/gas, plane, and car companies hold us back from high speed rail. Credit card companies held us back from debit cards for decades. And now banks and credit card companies are holding us back from pay by phone... because they want to find a way to collect all the transaction fees instead of allowing phone app makers and other companies in on the action. In Asia, business and government seem to respond more to what general population wants. In America, business and government seem to respond more to what oligarchs want.

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.

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.

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.

If any government wants your information, they will have it, no matter where you are from. If you don't commit a crime, why do you care about it.

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.

She is also a maker and one of my favorite maker channels on KZfaq.

„the government knows everything from me!“ I mean, actually in western it is the same, remember the PRISM

I would be screwed over there. My phone always runs out of battery...

She got a point! 9:39 😂They already know everything

Welcome to 21 Century

The fact that her phone screen was cracked proves the iPhone user crack screen theory is worldwide

China is way ahead of not just USA but the rest of the world.

Everyone Excited for the future. China already living in the future.

Wow! Sexy Cyborg is featured on WSJ.

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!

So happy to see you worked with Naomi Wu!!!

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.

PayTM is implementing all those in India, and they are almost getting successful. And they are backed by Alibaba!!!

usa is stagnant. China is progressing.

How can I get on board with such minds to create my own better version of this!! It’s incredible! Bravo

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

Why nobody mentions that most of the young Chinese can speak fluent English while most young westerners can’t speak Chinese at all? This is what is making the difference, not the somewhat smart phone things.

Thank you Naomi. Why should anyone be so concerned about data when they have not committed a crime or done anything bad?

2:12 "we chose her because she has a huge rack... of servers at home"

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".

0:15 OMG I SEE MYSELF IN THIS VIDEO!

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?

Can you imagine if you forgot to take your phone with you, but you need to buy something from the supermarket, you still can pay the bill by scanning your face? Yes, you can do that. It's so easy.

I think a power blackout would cause more havoc there than in Europe for example

You said you feel like an outsider there, now you know how every black American feels in America.

Her outfit is soooo revealing!

WeChat permeates the clothing, food, housing and transportation of the Chinese people. I do not know other cities, in China's third-tier cities, you can find the following: first, you go to the hospital to see a doctor, if you do not use WeChat appointment, you directly go to the hospital to queue, may wait a day to see the doctor, because everyone is using WeChat appointment, the hospital must first WeChat appointment. Second, parents send their children to school on the first day of school in September every year. The school stipulates that tuition fees should be paid through WeChat. Basically, no parents will bring cash. The 3rd, before buying a house, it is to understand the information of house each respect through WeChat, include door model, form a complete set, position, plan, form a complete set, property, design, garden to wait, choose a room through WeChat when the house opens next sale, choose good room to pass WeChat pay deposit, just need to use bank card to pay the remaining money finally. Fourth, the local government in promoting progressively through WeChat dealt with all kinds of certificates, our city WeChat have been implemented to deal with the electronic id, personal medical insurance card, house property card, marriage certificate, divorce certificate, driver's license, buying MPF, passport, birth certificate, all kinds of professional certificate, etc., you can WeChat pay phone, Internet fee, water fee, electricity, gas fee, TV fee, gas, such as car illegal capture all the cost of living. Fifth, I have not carried a wallet and cash for two years, not spent a penny, I have forgotten what the RMB looks like. Wallets don't sell in China, just as slippers don't sell in Iceland. Remember, I'm talking about China's third-tier cities, my way of life. First-tier and second-tier cities are more convenient.

I am living in Shanghai, we don't use cash and credit card anymore, they are all in cell phone, very convenience. But you should keep your phone safe, once you lost it, you go broke, all money will be hacked.

I wish if this technology come to my country

Philippines is starting to adapt to this with PayMaya and GCash. (I use PayMaya)

What people miss...its not "privacy". Its the right "To Think" what you do, without free of reprisal. Your right "To have an Opion". Your right " To Dream".

I am privileged to have an Chinese wife with OZ citizenship but with an extended family circle in China. We visit China usually yearly for two months each year. I am very lucky to see the China the average Westerner DOES NOT see. If you are family & I am the only westerner in the family you are treated most generosity and protected by all. They buy gifts, take you to unbelievable restaurants, five star hotels & shopping trips. How many western families would buy the foreigner 'in law husband' of their sister living in OZ an executive 7seat car of the husband's choice. My family in china did just that! Plus they have spent thousands of $ on our travels around China, gifts, medical expenses when I'm unwell. Don't think for a minute their family values, their systems are not equal to the best in the west, they are decades ahead of us in so many things.

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.

I only focused on the maker’s personality

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).

as much as i don't like the surveillance state, boy would i love to use all the cool apps in this video.

*Thank goodness I got to experience life before technology; I'm 42.*

It is really fascinating that we can use WeChat and Alipay now in China. Lucky to be live here.

if one is a law abiding citizen, one would not worry about privacy. That is why the cities in China are very safe to live, even in the night time.

I'm Chinese and I've never touched cash for like one or two years except when I had to pay for my grandpa's delivery with his cash. I literally carry nothing but my mobile phone everywhere. I don't even need to worry about battery cuz I can borrow a mobile power bank anywhere by scanning a QR code real quick. I used to go to school everyday with my phone, pay everything, order every meal, buy clothes and groceries online, etc. Go try it and you'll just love it.

The way you pronounced the City name was cringe worthy

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.

India we use cash to evade as much tax as possible Not many people will accept cards even after demonization

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