May 16, 2017 06:36 PM

Mobile Payments Charge Up McDonald’s, Starbucks in China

(Beijing) — Global dining giants Starbucks and McDonald’s say they now get a third or more of their China business from mobile payments, reflecting the nation’s growing global leadership in the high-tech electronic transaction space.

About 45% of purchases at McDonald’s Corp.’s more than 2,400 China stores are made through mobile payments, usually involving checkered QR codes generated from a person’s smartphone, the leading fast food giant revealed at an event over the weekend.

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