A history of changes in payment methods is also a history of social development

The year is coming to an end, everyone will be more running for money, inadvertently our payment of money has long since plunged into the smart era, not to take...

Jul 11,2022 | Hellen

A history of changes in payment methods is also a history of social development

The year is coming to an end, everyone will be more running for money, inadvertently our payment of money has long since plunged into the smart era, not to take cash, not to take savings cards, only installed a smart phone can now basically eat and drink to go around, and the opposite, which can lose the phone best payment gatewaycan not lose, lost the phone on behalf of their mobile money cabinet also lost. How did the times change all of a sudden? Looking back at the transformation of China's consumer payment methods since the founding of New China, we will find that in just a few decades, their payment methods have seen a huge change. The basis of the change in payment methods is the rapid development of modern Chinese banks: in 1897, China's first commercial bank, the China General Commercial Bank, was founded in Shanghai; in 1948, the People's Bank of China was founded; in 1979, the reform and opening up of the four state-owned commercial banks were founded one after another; in 1992, after Jiangnan, joint-stock commercial banks were founded. The explosive development of the financial industry has changed their payment methods and changed many life situations.

During the period of planned economy, payment was made with bills + cash, when materials were scarce and the state needed to issue various bills such as food stamps and cloth stamps to limit consumption and ensure full supply. Food stamps and cloth stamps were the main means of payment at that time, and were known as the "second loan currency". It was the feeling of many people at that time that "you could live without money and tickets, but you could not live without tickets". In those days, people had to bring a pile of national food stamps exchanged for local food stamps to go out on business trips, to visit relatives, and for college students to go to school abroad.

After the reform and opening up, we beganrapid 3d prototyping to use passbooks plus cash money. At that stage, with the rapid development of the economy, the shortage of materials slowly cleared, food stamps and other kinds of bills also completed its historical mission, and cash money became the key means of payment for the country. Everyone goes out, shopping, and traveling without forgetting to carry cash money with them. Daily savings occurred in passbooks. At that time the largest denomination of rmb was the 10 yuan coin, and only in 1988 did the 100 yuan denomination coin occur. People are happy to rely on consumer change in cash payments to check the authenticity of each other, but also willing to rely on one hand to deliver the money to find peace of mind. The actual fact is that you can find a lot of people who have a lot of money to spend on the internet. The first of these is the first of its kind. In March 1985, Zhuhai, Guangdong Province, successfully issued the first savings card in mainland China, the Bank of China Card; in June 1988, the Bank of China issued the first foreign exchange card in China, the Great Wall MasterCard International Card; in October 1993, the Shanghai branch of the Industrial and Commercial Bank of China and Shanghai Hualian Commercial Building cooperated to issue the first savings card in China with an advertising message -- ICBC Hualian joint card; in July 1993, China Construction Bank issued the first containerdomestic color photo savings card in Guangdong -- Color Photo MasterCard Dragon Card. "One card in hand, travel all over the world" was the brightest advertising slogan of the bank at that time. From the first Chinese bank card in 1985 to date, from the earliest bank card magnetic stripe to the current financial IC card, savings card has gone through nearly 31 years process.


Related Hot Topic

Is EC2 a vessel?

You may simply execute distributed apps on a controlled cluster of Amazon EC2 instances using the highly scalable, high performance container management solution known as Amazon EC2 Container Service.

Is the payment gateway secure?

Payment gateways' primary strategy for securing sensitive transaction data is data encryption. The payment gateway will encrypt the data when you enter your card information at the checkout. Data is converted into another form, or code, through encryption so that only those with access to a secret key can read it.

What kind of software is used for the prototype?

For that, Adobe XD is excellent. One of the better tools for creating straightforward prototypes for presentations is this one. XD is a fantastic choice if you have a tight deadline and need to create a demo. Both low-fidelity and high-fidelity prototypes can be created with Adobe XD.

More Articles

After taking these eyelids, swelling will quickly
After taking these eyelids, swelling will quickly

Many face-lifting beauty seekers have the same question, when can they be completely swollen?So, what are the foods that hel...

beauty same who

Learn the benefits of massage in three minutes | How to rely on traditional Chinese massage to treat pain?
Learn the benefits of massage in three minutes | How to rely on traditional Chin...

Hard work causes muscle stiffness and soreness. Want a massage to relax? Halt! outcall massage Are you sure you need a massa...

recent wounds doctor in charge

What advantages does 5G mmWave technology offer?
What advantages does 5G mmWave technology offer?

What advantages does 5G mmWave technology offer?Very high bandwidth and reduced latency are two advantages of 5G mmWave. Com...

The Art of Self-Discovery: Exploring Clitoral Stimulators for Women
The Art of Self-Discovery: Exploring Clitoral Stimulators for Women

Introduction:As a graduate researcher delving into the fascinating realm of sexual wellness, I have embarked on a journey to...

How to improve the problem of women shaking their hair Recommended 5 methods
How to improve the problem of women shaking their hair Recommended 5 methods

1. Maintain a happy moodThe first way to improve a woman s hair loss is to learn to regulate their mood, to learn to release...

woman's hair loss

Which four forms of digital signals are there?
Which four forms of digital signals are there?

Which four forms of digital signals are there?Signal Definition: Continuous-Time/Analog Signal.Separate-Time Signal.Electron...

Best Stress ECG Device by Edan
Best Stress ECG Device by Edan

Have you heard about the latest Stress ECG device made by Edan? NO? Edan has made its first ground-breaking ECG device with ...

stress ECG ECG

Timeless Elegance in Every Seal: Discover Our 7 Recommended Custom Wax Stamp Picks for 2023
Timeless Elegance in Every Seal: Discover Our 7 Recommended Custom Wax Stamp Pic...

Elevate your cherished moments with the enchanting charm of our Custom Initial Wax Seal Stamp. wax seal stamp Whether you re...

Make Distinctive Impressions Wedding Invitation Wax Seal Stamp