About the Author
Dave Yin
Dave Yin is the China Correspondent at NK News in Seoul. Previously, he reported from Beijing in multiple formats for nearly a decade for outlets including The Times, ARD Television, and Nikkei Asia.
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News Mobile payments surpass cash in popularity in North Korean capital: ReportPro-DPRK Choson Sinbo says ‘electronic wallet’ apps in wide use, which expert links to efforts to increase state control
Digital mobile payments are surpassing cash in popularity in Pyongyang thanks to greater acceptance among merchants and new support infrastructure, a pro-North Korea newspaper has reported, a development that one expert said could point to greater state control over the money supply. According to the Choson Sinbo based in Japan, it has become “difficult” to find shoppers paying for goods and services in cash in Pyongyang. Instead, the outlet claimed, many are using electronic payments on their smartphones. The report added that there are now several payment platforms that can be used at restaurants and stores, on public transportation, in © Korea Risk Group. All rights reserved. |