Global EditionASIA 中文雙語Fran?ais
    China
    Home / China / Innovation

    POS machines help farmers step into new era

    Xinhua | Updated: 2017-11-13 15:20
    Share
    Share - WeChat

    LANZHOU -- While Chinese urbanites stride toward a "cashless society" using mobile payments, many rural residents still face difficulty withdrawing money due to a lack of ATMs.

    Wang Wenzheng is from the village of Daping, located deep in a mountain more than 2,500 meters high in Hezheng county, northwest China's Gansu Province. It is one of the poorest areas in China and is sparsely populated, making it difficult for banks to install ATMs here.

    "We are not used to mobile payments here," Wang said. "For years, we had to climb over mountains just to deposit, withdraw or transfer money."

    Soon, more people like Wang will bid farewell to the ordeal of accessing financial services, as Chinese financial supervisors are piloting "inclusive finance" services in the countryside, allowing rural residents to enjoy financial services at low cost.

    In Gansu, for example, Chinese banks have teamed up with shop owners in towns and villages by giving them point of sale (POS) machines. Locals can deposit, withdraw or transfer money via the machines, solving the problem of having to install ATMs at high cost.

    According to the Lanzhou branch of the People's Bank of China, more than 21,300 such "service sites" have already been established in the province, providing basic financial services for more than 22 million rural residents.

    The financial site in Wang's village opened in 2013 in a small shop. The shop owner, Li Xiulan, installed a phone-like POS device with the bank's help. With the POS machine, villagers no longer have to travel over countless mountain roads to handle transactions under 5,000 yuan (752 U.S. dollars).

    "Villagers usually come to withdraw money, and then buy some daily commodities in my shop," Li said. "This also increased my business."

    The process is quite simple: if a villager comes to withdraw money, he or she deposits a certain amount of money into Li's account, and then Li gives cash to the villager. For a deposit, the villager gives cash to Li, who then transfers the amount of money to the villager's bank account.

    Just a few months ago, Wang went down the mountains with his truck, but when he reached the nearby town his vehicle ran out of oil.

    "I did not have enough cash, and I do not know how to use mobile payments," he said. "So I just called home, and my family transferred 500 yuan to me via the POS machine in our village."

    Many towns and villages in Gansu did not have such inclusive services until 2012. Now, six banks in Gansu have jumped on the bandwagon, and their services have extended from money withdrawal and balance inquiry to remittance, money transfer, paying for daily services and repaying loans.

    The State Council issued a circular at the end of 2015, promising support for POS machines in rural areas.

    From January to September this year, about 120,000 withdrawals totaling 66.5 million yuan had been conducted via the inclusive service sites in Gansu.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
     
    亚洲国产精品无码AAA片| 色综合久久中文字幕无码| 久别的草原在线影院电影观看中文 | 久久久久亚洲AV无码麻豆| 中文字幕在线观看| 精品久久久久久无码人妻热| 久久久久久精品无码人妻 | 在线日韩中文字幕| 天堂无码在线观看| 精品无码一区二区三区爱欲| 老子午夜精品无码| 久久有码中文字幕| 中出人妻中文字幕无码| 无码av不卡一区二区三区| gogo少妇无码肉肉视频| 亚洲成AV人片天堂网无码| 亚洲一日韩欧美中文字幕欧美日韩在线精品一区二 | 暖暖日本免费中文字幕| 亚洲av无码专区在线观看下载 | 日韩免费a级毛片无码a∨| 人妻无码一区二区三区免费| 曰批全过程免费视频在线观看无码| 欧美日韩亚洲中文字幕二区| 欧美日韩中文国产一区| 欧美激情中文字幕| 在线看无码的免费网站| 日韩精品无码一区二区中文字幕| 亚洲国产成人片在线观看无码| 无码精品A∨在线观看免费| 日韩乱码人妻无码中文字幕久久 | 2021无码最新国产在线观看| 精品国产v无码大片在线观看 | 无码人妻久久久一区二区三区| 无码国产精品一区二区免费 | 无码人妻久久久一区二区三区| 亚洲国产a∨无码中文777| 亚洲AV无码一区二区二三区入口 | 免费看又黄又无码的网站| 色AV永久无码影院AV| 国产亚洲精久久久久久无码| 99久久国产热无码精品免费久久久久 |