The rapid development of the Internet will have an impact on everything printed on paper. Paper media, paper books, etc. have been washed away, and the next step may be the banknotes in the wallet. According to a person in the industry related to money printing and coinage, the amount of banknote printing in the country's banknote printing factories this year will decrease by a considerable proportion compared with last year.

In the past, you had to pay for the money and deliver the goods. Nowadays, online shopping is very popular, and online payment and transfer are very convenient. In the past, when you went out for a taxi, you had to prepare change, and people often asked colleagues or family members to help send money because they forgot their wallet. Today, the emergence of taxi software allows passengers to pay directly through WeChat or Alipay without paying in cash.

The emergence of bank cards has greatly reduced the amount of cash in wallets. With the rapid development of Internet finance, the proportion of electronic payment has gradually increased, and the technological change of smartphones has made mobile payment business grow rapidly, and people's demand for banknotes The amount is getting smaller.

However, the decrease in the transaction volume of paper money does not mean that the speed of currency circulation has slowed down. During the "Double 11" last year, Alipay's mobile payment scale was 197 million and 24.3 billion yuan, accounting for 42.6% of the total transaction volume.

The previously released report on the operation of the payment system in the third quarter of 2014 shows that in the third quarter of last year, a total of 16.207 billion non-cash payment transactions were processed nationwide, with an amount of 457.98 trillion yuan, an increase of 26.33% and 10.92% year-on-year respectively. Among them, more than half of the transactions were electronic payment (online payment, telephone payment and mobile payment), accounting for over 80% of the total amount, an increase of 26.06% and 31.92% respectively year-on-year.

In the third quarter of last year, although the number of online payment services accounted for 84% of the electronic payment business, the amount accounted for 98%, and the proportion of mobile payment services was not large, but the number and amount of mobile payment services increased rapidly. Year-on-year growth of 157.81% and 112.70% respectively. In addition, payment institutions processed 9.567 billion online payments (Internet payment, mobile phone payment, fixed phone payment and digital TV payment) with an amount of 6.33 trillion yuan, an increase of 97.71% and 131.02% year-on-year respectively.

Previously, the State Council proposed in the "Several Opinions on Promoting Information Consumption and Expanding Domestic Demand" that the development of mobile finance should be regarded as an important measure to promote information consumption and expand domestic demand. The director of the science and technology department of the central bank once said that 2015 will become the year of popularization of mobile finance, and mobile finance is reconstructing the development pattern of e-banking.

In the United States, where the financial industry developed earlier, credit card consumption has easily covered almost any consumption field. With the technological innovation of mobile Internet and smart phones in recent years, mobile payment has also begun to develop rapidly. According to Morgan Stanley's forecast, although the mobile e-commerce in the United States started late, the growth rate is very fast, and it is estimated that mobile e-commerce will reach 10% of the overall e-commerce this year.

Traditional paper currency payments are gradually being replaced by electronic payments, and it is not surprising that money printing plants are reducing production. If the proportion of electronic payment increases to a considerable extent, the money printing factory will be too idle.