BankThink U.S. banks are playing catch-up with Chinese fintechs

  • “The amount of U.S. mobile payments totaled $160 billion in 2018, while China reached a staggering $40 trillion, propelled by Alipay and WeChat.
  • Therefore, financial firms must transform from three directions: From transactions to services; from products to customer centricity; or from branches to open banking.”

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