In layman’s terms, electronic cash transactions are an electronic wallet account superimposed on your bank card. When you swipe your card, you can choose to pay with your bank card account or electronic cash account.

Electronic cash is regarded as cash, and the account limit is 1,000 yuan. Like cash, it is anonymous and cannot be reported as lost. In other words, if you lose your card, you can get a replacement. The money in your bank account will be retained, but the electronic cash money will not be recovered. It is the same principle as if you lose your wallet, the cash in it will not be recovered. .

The advantage of electronic cash is that payment is fast. Swiping a bank card is the same as swiping a bus card. Just put it on the POS machine and save the trouble of finding change