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From digital payments to digital finance: How China’s tech companies are redefining banking in Asia and soon Europe
Journal of Payments Strategy & Systems,
12
(1),
68-73
(2018)
Abstract
FinTech has the potential to completely change the way that millions of people handle their daily finances. Nowhere is this more evident than in China, where Alipay and WeChat Pay have changed the nature of retail consumption. This paper looks briefly at the history of the tech giants and their forays into digital finance, and what the future may hold as the giants continue their international expansion.
Keywords: mobile payments; China; Alibaba; WeChat; Tencent; digital money
The full article is available to subscribers to the journal.
Author's Biography
Zennon Kapron is Director, Kapronasia Shanghai. He has been involved in the financial industry for over 20 years and is the founder and Director of Kapronasia, a leading provider of research and consulting services focusing on the financial industry and financial technology. Prior to this, Zennon was the Global Banking Industry Manager for Intel and, before that, CIO for Citigroup Portugal. He holds a BSc in computer science from Syracuse University and an MBA from INSEAD.
