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“无现金时代”即将到来?Expertsagreethatitisbecomingagrowingtrendthatmoreandmoreconsumersacrossthecountryareusingcashlesspaymentmethods.Infactasearlyas1988theStateCouncilthecountry`scabinetreleasedregulationstoencouragebanktransfersandtoreduceusingcashduringeconomicactivities.Todaythemovetowardacashlesssocietycould"reducetherisksofusingcashsaveoncostsandasamatterofconveniencepreventillegalactivitiessuchasmoneylaundering"DongXimiaoaresearchfellowatChongyangInstituteforFinancialStudiesattheRenminUniversityofChinatoldtheGlobalTimes.Therapiddevelopmentofthird-partymobilepaymenttoolstosomeextentishelpingtoboostcashlesspaymentsacrossthecountrysaidDong.Transactionsinvolvingthird-partymobilepaymentsrose46.8percentinthefirstquarterof2019comparedwiththepreviousquarterto18.8trillionyuanaccordingtoareportBeijing-basedresearchconsultancyAnalysysreleasedinMay.Therewere3.4billionthird-partypaymentaccountsintotalinChinain2019aGoldmanSachsreportshowed.ButChinaisnotthefirstcountrytoseekacashlesssociety.DevelopedstateslikeSwedenDenmarkandSingaporearealsowitnessingcashlesspaymentmethodsproliferate.DisputesandcriticismsTherapiddevelopmentofcashlesspaymentsdoesnotmeantherearenochallengesandcriticisms.Alibaba`sHemastorewherecustomerscanshopdineandordercommoditiesfordeliveryfromtheirmobilephonesviaAlipayhavecomeintothespotlightrecently.Mediareportsallegedthatconsumerscan`tpurchasegoodswithcashtherewhichwouldbeconsideredillegal.AHemaPRrepresentativetoldtheGlobalTimesthatall13Hemastoresinthecountrydoinfactallowconsumerstopayincash.ShenotedthatHemastoresimplyrecommendconsumerstopayviaAlipayforconveniencepurposes.AlipayandWeChatPaythenation`stwomajorthird-partymobilepaymenttoolsalsolaunchedcamp