by The Economist reports about the fintech revolution in China. By just about any measure of size, China is the world’s leader in fintech (short for “financial technology”, and referring here to internet-based banking and investment). It is far and away the biggest market for digital payments, accounting for nearly half of the global total. It is dominant in online lending, occupying three-quarters of the global market. A ranking of the world’s most innovative fintech firms gave Chinese companies four of the top five slots last year. The largest Chinese fintech company, Ant Financial, has been valued at about bn, on a par with UBS, Switzerland’s biggest bank.
Topics:
Dirk Niepelt considers the following as important: China, Fintech, Notes
This could be interesting, too:
Dirk Niepelt writes Does the US Administration Prohibit the Use of Reserves?
investrends.ch writes BX Digital und BX Swiss schliessen Partnerschaft mit Chainlink
investrends.ch writes Crypto Valley weiter auf Wachstumskurs
Dirk Niepelt writes “Report by the Parliamentary Investigation Committee on the Conduct of the Authorities in the Context of the Emergency Takeover of Credit Suisse”
The Economist reports about the fintech revolution in China.
By just about any measure of size, China is the world’s leader in fintech (short for “financial technology”, and referring here to internet-based banking and investment). It is far and away the biggest market for digital payments, accounting for nearly half of the global total. It is dominant in online lending, occupying three-quarters of the global market. A ranking of the world’s most innovative fintech firms gave Chinese companies four of the top five slots last year. The largest Chinese fintech company, Ant Financial, has been valued at about $60bn, on a par with UBS, Switzerland’s biggest bank.