Summary of Martin Chorzempa's The Cashless Revolution

Please note: This is a companion version & not the original book.

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#1 In the early 1990s, when I was working in Beijing, I saw how the internet was the future of finance. A billion Chinese people now have an abundant choice of investments, loans, payments, and a host of conveniences, some of which surpass what is available in the United States.

#2 Chinese tech companies Tencent and Alibaba were able to overcome the payment issue by building their own systems, which they then integrated into their platforms to offer a full range of services.

#3 China’s fintech industry was a product of political support, which allowed tech companies to break through the moat surrounding state-owned banks and disrupt them.

#4 Chinese tech companies Tencent and Alibaba were able to overcome the payment issue by building their own systems, which they then integrated into their platforms to offer a full range of services.

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