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China, India lead Asian advance of smartphone payment

Everything from unmanned stores to market stalls accepting mobile payment

At the Bingo Box unmanned convenience store everything from unlocking the door to paying for your shopping is done via smartphone.

SHANGHAI/MUMBAI -- Mobile phone-based payment is spreading rapidly through emerging Asian economies, where low takeup of other methods has allowed the services to leapfrog older technologies.

The Bingo Box, which opened in a Shanghai suburb in June, looks like any other convenience store -- it sells all the drinks and snacks you would expect at any of its competitors. The only thing missing is the staff.

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