Core Viewpoint - The increasing prevalence of mobile payments is evident, with a projected 98.7% adoption rate by Q2 2025 in China, yet cash payments remain irreplaceable in certain scenarios [1][3]. Group 1: Mobile Payment Trends - Mobile payment usage is on the rise, with daily transaction volumes exceeding 1 trillion yuan [1]. - Predictions suggest that mobile payments will completely replace cash payments within the next 20 years [1]. Group 2: Cash Payment Advantages - Cash payments enhance payment stability, especially in situations where mobile payment systems fail due to technical issues or poor network coverage [5][6]. - Cash payments help consumers control spending, as physically seeing cash diminish encourages more mindful spending habits [6][8]. - Cash payments protect personal privacy, as they do not leave a digital footprint that can be tracked by payment platforms [8]. - Cash is essential during emergencies, such as natural disasters or urgent medical situations, where electronic payment systems may be unavailable [8][9]. - A significant portion of the elderly population prefers cash transactions, necessitating cash availability for interactions with this demographic [10].

Core Viewpoint - The increasing prevalence of mobile payments is leading to predictions that cash payments will gradually fade away, yet cash still holds irreplaceable value in specific scenarios [1][3]. Group 1: Reasons for Keeping Cash - Keeping cash can help respond to emergencies, such as medical situations where electronic payment systems may be down [5]. - Cash payments protect personal privacy, as mobile payment platforms can track spending habits and personal information [7]. - Certain social situations still require cash, such as giving cash gifts at weddings or during holidays, and many rural vendors only accept cash [10]. - Having cash on hand can help control spending, allowing individuals to manage their finances better and avoid overspending through digital payment methods [12]. Group 2: Recommendations for Cash Savings - It is suggested that families should keep between 40,000 to 60,000 yuan in cash, which provides a balance between accessibility in emergencies and not tying up too much capital [12].

Core Insights - The People's Bank of China (PBOC) Xiong'an New Area branch focuses on diverse payment needs of foreign personnel, the elderly, and urban-rural residents since last year [1] - The bank actively guides local financial institutions to promote the coordinated development of mobile payments, bank cards, and cash [1] - Financial services are enhancing the development transformation of the future city by providing convenient payment experiences for foreign personnel and age-friendly services for the elderly [1]