World It's so tough to pay cash in China that the government had to fine a KFC for not accepting banknotes

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China's central bank fined seven businesses last week — including a KFC and branches of state-owned corporations — for rejecting cash payments, all as Beijing pushes to make spending more accessible for foreign tourists.

The People's Bank of China has meted out such punishments for years. But the employees caught this time worked for some of the country's largest and most established businesses, showing how cashless payments have grown so ubiquitous there.

The bank said it fined a KFC in Wuxi, Jiangsu, about $4,140 for refusing to take cash from a customer who ordered breakfast.

The employee responsible was fined about $410. According to the latest government data, the average wage in Wuxi is about $18,000 annually.

www.yahoo.com

It's so tough to pay cash in China that the government had to fine a KFC for not accepting banknotes

China has been pushing for businesses to leave the door open for customers to use cash, with foreigner visitors saying they're struggling to spend.
www.yahoo.com www.yahoo.com
 
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