Payments as the 'tip of spear'​ strategy for…

The new breed of challenger banks and fintech players have used payments as hook into a broader ecosystem aimed at gathering service fees for distribution of financial products. Globally, the biggest testament to this is Ant Financial’s Alipay and Tencent’s WeChat Pay who dominate China’s $41T mobile payments market. In the US, Amazon, Facebook, and Google have their sights on winning the growing but competitive digital payments landscape, especially in emerging countries such as India.

Read →