In the 10 months from January to October 2017, mobile payment transactions on the mainland surpassed $12.8 trillion. But for those that prefer cash, this is becoming a problem. Many have noticed that parking lots, small supermarkets, food street stalls have become reluctant to accept Chinese yuan bills and the anecdotal evidence has now been confirmed by Chinese authorities.

In Anhui province, China’s central bank, the People’s Bank of China (PBoC) has set up a Working Group on Reception of Renminbi Cash, Xinhua reports. Its task is to rectify renminbi cash rejection to maintain normal circulation and protect consumer interests.

“This practice not only damages the legal status of the renminbi but also infringes the legitimate rights and interests of ordinary consumers and deprives consumers of the right to choose their mode of payment. Especially for the elderly and those unable to use mobile phones, their rights and interests are increasingly encroached upon,” Xinhua quoted Wang Yazhou, a member of the Hefei sub-branch of PBoC.

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Masha Borak

Masha Borak is a technology reporter based in Beijing. Write to her at masha.borak [at] technode.com. Pitches with the word "disruptive" will be ignored. Read a good book - learn some more adjectives.