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CHINESE BANKS STRUGGLE IN MOBILE PAYMENTS BATTLE AGAINST THIRD-PARTY PROVIDERS

CHINESE BANKS STRUGGLE IN MOBILE PAYMENTS BATTLE AGAINST THIRD-PARTY PROVIDERS

THE RISE OF third-party m-payments in China at the expense of credit and debit cards is threatening commercial banks’ access to the customer data viewed as crucial to newly emerging financial and consumer business models. The president of Ant Financial, Alibaba Group’s finance affiliate, told the Financial Times earlier this month that payments through its Alipay [...]

The post CHINESE BANKS STRUGGLE IN MOBILE PAYMENTS BATTLE AGAINST THIRD-PARTY PROVIDERS appeared first on Payments Cards & Mobile.

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