Fintech
Details
To be determined
2 hours
10:00-12:00 CET
1 person: €80
2-4 people: €75
+ 5 people: €70
Livestream: A Link will be sent to you via e-mail after sign-up.
Recording: The session will be recorded and will be accessible within 3 days after the event and available for 3 weeks.
It is not so long ago since Chinese banks stopped using an abacus as a calculator. Nevertheless, China is a global leader in financial technologies, especially in consumer and financial service innovation, including blockchain, cloud computing and IoT.
Next step is the launch of the world’s first official digital currency which is expected to further accelerate development of China’s digital economy and potentially impact global financial systems.
To a large degree, the fintech revolution has been driven by the development of mobile payment systems, a pivotal point for the world’s largest e-commerce market. The fierce competition for Chinese consumers has become a battle for their digital wallets and it is unsurprisingly led by companies, incubated in corporate giants like Alibaba, JD, Ping An and Tencent.
China has moved rapidly toward a cashless economy and according to a PCW study 86 percent of people in China used mobile payment platforms to make purchases in 2019 which is more than double the global average. That is the reason why China has become a window into the future of payments and financial transaction.
Join this session to meet two of China’s leading fintech companies and find out why and how platform companies like Douyin (sister company of TikTok) broaden their scope with payments.
