This week’s reads – China and US boost fintechs and how to drive mobile payments

Image: iStock/ipopba

Articles from Finextra, American Banker and NCR

  • China leads the way in fintechs – A new report revealed China has become the world’s undisputed fintech leader, with large firms such as Baidu, TenCent and Alibaba helping drive a digital services boom where 40 percent of consumers use new payment methods.
  • US OCC to offer support to tech firms – The US Office of the Comptroller of Currency has announced plans to provide limited bank charters to tech firms promoting financial services offerings, though firms will have to meet tough standards.
  • What’s needed to boost mobile payment usage? Although mobile is now an established channel for payments, adoption of these services remains low. NCR’s Andy Brown takes a look at what can be done to improve understanding and enthusiasm for this channel.

What have you been reading? Let us know in the comments section below or tweet @bankingdotcom.

Written by Staff