It's very easy to use credit cards, even from mobile wallets using NFC terminals at all the stores in HK and Singapore.

So if Asians are using cash, who's using the cards that the merchants bother to get the latest NFC terminals?

Anyways, this is FT so Americans are not only hooked on credit cards but getting rewards for using them.

Guess that must not be a thing outside the US.

It must be a ostentation thing too. Besides jewelry, it's a sign of success to pull out a roll of bills.