Cutting edge technology shapes the future world for the retired

By Cai Wenjun | July 1, 2015, Wednesday |

Online Edition

A Shanghai high-tech company has recently developed a state-of-the-art smartphone application that allows people to store credit from consumption and transfer the credit into their future pension for use after retirement.

The application, named Xiao Que Xing, is developed by the Shanghai Denong Technology Company. It is the nation’s first such application of it’s type. Customers can get credit after online consumption and the money will be kept in the account for pension use.

Zhang Guorong, vice president of the China Aging Development Foundation, said such application is a good trial of retired care. Similar service has been mature in developed countries.

The foundation, as one of the founders, will monitor the service, she added.

Metro

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Cutting edge technology shapes the future world for the retired

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