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Use of mobile payment services in China skyrockets as consumers opt for convenience

Whether it is the down payment on an apartment involving about 3 million yuan (S$591,900), or just 2 yuan needed to buy a steamed stuffed bun for breakfast, Song Yu makes the payments with just a few clicks on his smartphone.

“I usually put a few hundred yuan in my physical wallet, but I almost never use the cash unless I travel to remote villages,” said Song, a 34-year-old freelance writer in Beijing.

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