Shenzhen Rakinda Technologies Co., Ltd.

Chinese Mobile-pay in BEIJING — While rural Americans struggle to keep their cell service, Chinese consumers have evolved from a cash-only economy to managing their whole lives through a smartphone.In less than five years, Chinese families famous for saving 40 percent of their annual income under the mattress at home have embraced the Big Data lifestyle in ways that leave arguably more mature digital marketplaces such as Hong Kong gasping like Wile E. Coyote in the Roadrunner’s dust.In 2016, Chinese mobile-pay customers spent 70 times more than their U.S. counterparts — more than $8.5 trillion according to Boston Consulting Group.The rest of the First World spent decades moving from personal checks to credit cards to online banking and stored-value cards. China’s 1.4 billion citizens leap-frogged from paper banknotes to touchscreens in less time than Apple went from iPhone 5 to iPhone 8.

Here’s what it looks like for the 731 million Chinese cellphone users:
You wake up in the morning to a list of headlines on your smartphone tailored to your interests by Toutiao, a Chinese news aggregator app. To get to work, you rent a Mobile bicycle for a few kuai (less than a dollar) by releasing the GPS-enabled lock with your phone on any of millions of bikes strategically parked all over the city. If you’re feeling lucky, you can scan the phone app for a bike someone’s probably left near your door rather than walk a few blocks to a rack.you only need to scan the QR code to open the locker.

On the way into work, you pick up a cup of coffee with a swipe of the phone at a Starbucks counter. Don’t get annoyed at the tourist ahead of you who are trying to pay with cash that the clerk must check with a counterfeit scanning machine next to the cash register. Everybody else is using something like the phone app Alipay, an e-wallet service of China tech giant Alibaba.Join a group of friends for lunch. When the bill comes, you pay it by photographing the restaurant’s QR code, those pixilated squares now replacing barcodes everywhere. Then tell your phone to move the correct amount from your online debit account to the restaurants. Your friends create an online group into which they deposit their shares of the meal, which gets transferred to your account so you’re paid back. If you liked the service, the waiter has a QR code badge on his lapel. Photograph it and send him a tip.Outside, a beggar on the street hopes for a digital handout. He’s got a QR code alongside his cardboard plea for charity.Grab some groceries on the way home. The clerk totals up your cart at the traditional checkout line, then scans the QR code on your phone and deducts the bill from your account. The receipt logging all your purchases and the moment you bought them gets emailed to you.

Instead, they wondered about the exposure of their lives to forces in the United States. After all, they depend on smartphones designed by U.S. technology companies, using operating systems written by U.S. software firms with barcode scanner, and transmitted through root servers all located outside of China.

RAKINDA engaged in barcode technology research and development for more than 17 years, we have a mature R & D team and overseas markets, we can help you quickly and easily realize the unattended dream.