How China Leapfrogged Ahead of the United States in the Fintech Race

A survey in China last year found that 84 percent of Chinese were not concerned about leaving home without any cash—not because they relied on credit cards or checks, but because they were confident that their mobile phone payment methods like Alipay or WeChat would be accepted for any expenses they encountered. China seems, in this area at least, to have leapfrogged the …

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