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Technology is completely redesigning finance from the smartphone user’s perspective. Some $17tn of transactions were conducted online in 2017, more than 50 times those in the U.S.
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China has moved from a cash to a digital-payments economy is staggering: some $17tn of transactions were conducted online in 2017. China’s mobile payment volumes are more than 50 times those in the US.
https://www.ft.com/content/a5e43158-3066-11ea-a329-0bcf87a328f2
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