U.S. Banks Are Terrified of Chinese Payment Apps

U.S. Banks Are Terrified of Chinese Payment Apps

https://youtube.com/watch?v=SJh_Uir5EMIIf mobile payment apps became as popular in the U.S. as they are in China, banks would lose a projected $43 billion in revenue annually. Bloomberg QuickTake explains how cheap and easy payments by phone are threatening one of...

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