Financial transactions come in all sizes and quantities. For smart investors, being involved in the most active of transactions is extremely lucrative.
And the device that’s driving most innovation in these transactions is in most people’s pockets already: their smart phones.
The rise of digital transactions has the UN’s Better Than Cash Alliance taking notice, especially in China.
According to a report released by the aforementioned Alliance (a global partnership of governments, companies, and international organizations), Chinese customers sending cash payments digitally accounted for $3 trillion in transactions.
That’s trillion… with a big, fat T.
And that flurry of financial traffic existed on just two smartphone-app platforms: Alipay from Alibaba (NYSE: BABA), and WeChat from Tencent (OTC: …View the full post at: Glance Pay Taking Aim at Alibaba’s (BABA) Alipay Fintech Strategy …
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