- “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.”
https://www.americanbanker.com/opinion/us-banks-are-playing-catch-up-with-chinese-fintechs