A2 RW Ch1 L3 · Your Phone Is Your Wallet 📱💰
📘 Học trước khi làm · Before you read
Two questions
📘 Học trước khi làm · Predict the text
“In China, Your Phone Is Your Wallet”
1It’s no surprise that the country that invented paper, printing, the compass, and paper money is now leading the world in cashless banking. In China, mobile payment apps are very popular. People think they’re great. And they’re not just a fad—here today, gone tomorrow. People like to use these apps to buy food in stores and restaurants, to pay bills and taxes, and even to tip street performers, such as musicians and singers. They also enjoy using them to schedule and pay for taxis, air and train travel, and doctor’s appointments.
2In 2017, China spent $12.8 trillion using mobile payment apps, compared to $49.3 billion spent by users in the United States. Because China is home to 1.4 billion people, it’s natural that the market is much larger, yet what explains the apps’ popularity among the Chinese?
3First, for a mobile payment to happen, a person must have a smartphone, and there are many in China. In 2017, around 663 million Chinese owned one. Secondly, Chinese people enjoy the convenience of mobile payments. For instance, there is no need to go to the bank to get money because it’s always available on the phone. Also, traditionally, many Chinese really dislike owing money with credit cards, so mobile payments are popular because most are connected to the person’s debit card. And, like all people, Chinese people want their money to be safe. Using a mobile wallet is like using cash; however, there is no worry about losing your money. In addition, for Chinese traveling abroad, it’s an easy way to spend money. Instead of changing their yuan (Chinese money) to the local money, they can use their mobile wallet.
4Finally, another reason for mobile payment’s popularity is the availability of the service. Chinese mobile payment apps Alipay and WeChat Pay are two of the most popular, and both have expanded into other countries that are popular with tourists. For instance, currently about 70 countries accept Alipay, including Malaysia, Russia, France, the United States, and South Africa. Both companies are trying to get more stores and countries to accept their service.
5As the popularity of mobile payments continues to grow in China, other countries will probably follow China’s example. In the future, don’t be surprised to see street performers in Kuala Lumpur or Kathmandu accepting tips through their smartphones.
1It’s no surprise that the country that invented paper, printing, the compass, and paper money is now leading the world in cashless banking. In China, mobile payment apps are very popular. People think they’re great. And they’re not just a fad—here today, gone tomorrow. People like to use these apps to buy food in stores and restaurants, to pay bills and taxes, and even to tip street performers, such as musicians and singers. They also enjoy using them to schedule and pay for taxis, air and train travel, and doctor’s appointments.
2In 2017, China spent $12.8 trillion using mobile payment apps, compared to $49.3 billion spent by users in the United States. Because China is home to 1.4 billion people, it’s natural that the market is much larger, yet what explains the apps’ popularity among the Chinese?
3First, for a mobile payment to happen, a person must have a smartphone, and there are many in China. In 2017, around 663 million Chinese owned one. Secondly, Chinese people enjoy the convenience of mobile payments. For instance, there is no need to go to the bank to get money because it’s always available on the phone. Also, traditionally, many Chinese really dislike owing money with credit cards, so mobile payments are popular because most are connected to the person’s debit card. And, like all people, Chinese people want their money to be safe. Using a mobile wallet is like using cash; however, there is no worry about losing your money. In addition, for Chinese traveling abroad, it’s an easy way to spend money. Instead of changing their yuan (Chinese money) to the local money, they can use their mobile wallet.
4Finally, another reason for mobile payment’s popularity is the availability of the service. Chinese mobile payment apps Alipay and WeChat Pay are two of the most popular, and both have expanded into other countries that are popular with tourists. For instance, currently about 70 countries accept Alipay, including Malaysia, Russia, France, the United States, and South Africa. Both companies are trying to get more stores and countries to accept their service.
5As the popularity of mobile payments continues to grow in China, other countries will probably follow China’s example. In the future, don’t be surprised to see street performers in Kuala Lumpur or Kathmandu accepting tips through their smartphones.
1It’s no surprise that the country that invented paper, printing, the compass, and paper money is now leading the world in cashless banking. In China, mobile payment apps are very popular. People think they’re great. And they’re not just a fad—here today, gone tomorrow. People like to use these apps to buy food in stores and restaurants, to pay bills and taxes, and even to tip street performers, such as musicians and singers. They also enjoy using them to schedule and pay for taxis, air and train travel, and doctor’s appointments.
2In 2017, China spent $12.8 trillion using mobile payment apps, compared to $49.3 billion spent by users in the United States. Because China is home to 1.4 billion people, it’s natural that the market is much larger, yet what explains the apps’ popularity among the Chinese?
3First, for a mobile payment to happen, a person must have a smartphone, and there are many in China. In 2017, around 663 million Chinese owned one. Secondly, Chinese people enjoy the convenience of mobile payments. For instance, there is no need to go to the bank to get money because it’s always available on the phone. Also, traditionally, many Chinese really dislike owing money with credit cards, so mobile payments are popular because most are connected to the person’s debit card. And, like all people, Chinese people want their money to be safe. Using a mobile wallet is like using cash; however, there is no worry about losing your money. In addition, for Chinese traveling abroad, it’s an easy way to spend money. Instead of changing their yuan (Chinese money) to the local money, they can use their mobile wallet.
4Finally, another reason for mobile payment’s popularity is the availability of the service. Chinese mobile payment apps Alipay and WeChat Pay are two of the most popular, and both have expanded into other countries that are popular with tourists. For instance, currently about 70 countries accept Alipay, including Malaysia, Russia, France, the United States, and South Africa. Both companies are trying to get more stores and countries to accept their service.
5As the popularity of mobile payments continues to grow in China, other countries will probably follow China’s example. In the future, don’t be surprised to see street performers in Kuala Lumpur or Kathmandu accepting tips through their smartphones.
1It’s no surprise that the country that invented paper, printing, the compass, and paper money is now leading the world in cashless banking. In China, mobile payment apps are very popular. People think they’re great. And they’re not just a fad—here today, gone tomorrow. People like to use these apps to buy food in stores and restaurants, to pay bills and taxes, and even to tip street performers, such as musicians and singers. They also enjoy using them to schedule and pay for taxis, air and train travel, and doctor’s appointments.
2In 2017, China spent $12.8 trillion using mobile payment apps, compared to $49.3 billion spent by users in the United States. Because China is home to 1.4 billion people, it’s natural that the market is much larger, yet what explains the apps’ popularity among the Chinese?
3First, for a mobile payment to happen, a person must have a smartphone, and there are many in China. In 2017, around 663 million Chinese owned one. Secondly, Chinese people enjoy the convenience of mobile payments. For instance, there is no need to go to the bank to get money because it’s always available on the phone. Also, traditionally, many Chinese really dislike owing money with credit cards, so mobile payments are popular because most are connected to the person’s debit card. And, like all people, Chinese people want their money to be safe. Using a mobile wallet is like using cash; however, there is no worry about losing your money. In addition, for Chinese traveling abroad, it’s an easy way to spend money. Instead of changing their yuan (Chinese money) to the local money, they can use their mobile wallet.
4Finally, another reason for mobile payment’s popularity is the availability of the service. Chinese mobile payment apps Alipay and WeChat Pay are two of the most popular, and both have expanded into other countries that are popular with tourists. For instance, currently about 70 countries accept Alipay, including Malaysia, Russia, France, the United States, and South Africa. Both companies are trying to get more stores and countries to accept their service.
5As the popularity of mobile payments continues to grow in China, other countries will probably follow China’s example. In the future, don’t be surprised to see street performers in Kuala Lumpur or Kathmandu accepting tips through their smartphones.