使用Player FM应用程序离线!
Chasing China
Manage episode 315502954 series 2770639
China has been at the frontier of digital banking innovation since 2014, when their tech giants WeChat and AliPay began driving banks to play catch up with raised user expectations. Creating an entirely different financial ecosystem than what one might experience in North America or even Europe, China’s banking is completely digitally integrated, with cash a long lost piece of the past. In this episode, Eyal sits down with banking innovation expert and author of “Cashless - China’s Digital Currency Revolution”, Richard Turrin, to discuss how China got here and where they are headed. They discuss the inner workings of China’s digital ecosystem, the role of WeChat and Alipay and the launch of Digital Yuan, and what regions with open banking aspirations can learn from China’s experience.
Specifically they discuss:
How market demand fuelled China’s cashless lifestyle;
China’s different approach to open banking compared to the Western world;
Whether or not digital yuan is levelling the playing field for banks;
How CBDCs will coexist with payment apps;
What others can learn from China’s digital banking journey
40集单集
Manage episode 315502954 series 2770639
China has been at the frontier of digital banking innovation since 2014, when their tech giants WeChat and AliPay began driving banks to play catch up with raised user expectations. Creating an entirely different financial ecosystem than what one might experience in North America or even Europe, China’s banking is completely digitally integrated, with cash a long lost piece of the past. In this episode, Eyal sits down with banking innovation expert and author of “Cashless - China’s Digital Currency Revolution”, Richard Turrin, to discuss how China got here and where they are headed. They discuss the inner workings of China’s digital ecosystem, the role of WeChat and Alipay and the launch of Digital Yuan, and what regions with open banking aspirations can learn from China’s experience.
Specifically they discuss:
How market demand fuelled China’s cashless lifestyle;
China’s different approach to open banking compared to the Western world;
Whether or not digital yuan is levelling the playing field for banks;
How CBDCs will coexist with payment apps;
What others can learn from China’s digital banking journey
40集单集
所有剧集
×欢迎使用Player FM
Player FM正在网上搜索高质量的播客,以便您现在享受。它是最好的播客应用程序,适用于安卓、iPhone和网络。注册以跨设备同步订阅。