From digital payments to digital finance: How China’s tech companies are redefining banking in Asia and soon Europe

Zennon Kapron
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Zennon Kapron: Kapronasia Shanghai, China

Journal of Payments Strategy & Systems, 2018, vol. 12, issue 1, 68-73

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 (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jpss00:y:2018:v:12:i:1:p:68-73

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