Central bank digital currencies have taken on more importance in the last few years with China leading the way as...
China’s fintech market is the biggest and most powerful in the world, especially when it comes to Alipay and WeChat...
While the Chinese have been quickly adopting fintech in recent years it has come at a cost to the consumer; the Chinese government is able to view troves of information as payment apps like Alipay and WeChat Pay now need to pass through the central bank; not only in fintech but other areas of tech innovation, like facial recognition, has been a boon to the government; while apps and services are making lives simpler and more efficient, they can also help to make government intrusion a lot easier. Source.
WeChat Pay will begin rolling out a credit rating for their 600 million users; the credit rating uses AI to...
The World Economic Forum in collaboration with The European Sting puts forward the interesting idea that the impact of fintech...