China’s Digital Payment Revolution: Lessons for Libra — Dongyao Nie

Summary:
China is already there. Why. Government permissiveness that has not been forthcoming in the West since it would greatly reduce banks' revenue from retail transactions. But in China the banking system is largely government owned, so it is not the same issue.The DiplomatChina’s Digital Payment Revolution: Lessons for Libra Dongyao Nie, news researcher at Al Jazeera English based in Washington DC

Topics:
Mike Norman considers the following as important: Alibaba, Alipay, digital payments systems, Facebook, Libra, Tencent, WeChat, WeChat Pay

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