How big a slice will new payments take out of China’s banks?
China is at the vanguard of the new payments revolution and nowhere is set to feel the pain more than China’s banks. A new report outlines just how deeply new fintech is cutting into China’s bank revenues
Just how much damage China’s new payments revolution will do to China’s banking sector is still guesswork, but at least one professional services company has attempted to quantify the extent to which new payments will gouge the banks.
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