Payment Instruments in China
Cash and paper
Although the payment system infrastructure is developing rapidly in China, cash is still the most popular form of consumer payment and is widely used. Credit cards and debit cards are becoming more accepted and this is set to increase further. In the corporate payment market, promissory notes, also known as drafts, are common. These can take the form of...
http://www.gtnews.com/feature/140_3.cfm
Cash and paper
Although the payment system infrastructure is developing rapidly in China, cash is still the most popular form of consumer payment and is widely used. Credit cards and debit cards are becoming more accepted and this is set to increase further. In the corporate payment market, promissory notes, also known as drafts, are common. These can take the form of...
http://www.gtnews.com/feature/140_3.cfm
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