Chinese fintech companies and their “going out” strategies

Han, Alice Siqi

doi:10.1108/jide-07-2021-0003

Cited by 7 publications

(3 citation statements)

References 14 publications

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“…In China, after the reform in 2016, the total POS machine fees includes a fee of 0.45 percent on each credit transaction charged by card issuers plus 0.065 percent UnionPay network service and 0.1 percent acquiring bank fee for each payment [16], while Alipay currently makes money by charging merchants fees of 0.6 to 1.2 percent for the platform and keeping the withdrawal fee at 0.1 percent, providing liquidity to merchants. Ant and Tencent have made significant overseas investments, expanding their overseas business footprint by acquiring or merging local startups and unicorns in Japan, South Korea, Thailand, Singapore, Malaysia, Africa, the United States, and Europe [17]. In India, Alipay has invested in PayTM, a local business, while in Thailand, it has invested in Ascend Money [18].…”

Section: The Success Of Alipaymentioning

confidence: 99%

A Sino-US case study of the mobile payment fintech companies

Lin

2023

AEMPS

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The popularity of smartphones and mobile networks has led modern people to live in an era of electronic payments and a cashless society. Big tech giants use capital and technology strength in constant penetrating of the financial industry, trying to preempt a first move in mobile finance. By constructing a comparative analysis, this paper attempts to dive into the strategies of recent mobile payment business players both in China and the USA, the newcomers and evolving trend of the competition, key factors that underpin the success of client loyalty, and future competitive advantage and limitations in an economy with multivariate currency media available. The paper concludes that in an economic environment where state-backed and privately issued digital currencies coexist, and the metaverse concept emerges, tech companies should lay out new business forms of mobile payment and seek new roles as a medium that embraces all three types of currencies and continue to benefit the digital economy and society. It is rational to expect that tech tycoons can embrace challenges in the mobile payment marketplace and are ready to thrive in the newly derived metaverse market.

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Section: The Success Of Alipaymentioning

confidence: 99%

A Sino-US case study of the mobile payment fintech companies

Lin

2023

AEMPS

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“…The innovative business of commercial banks, such as the interbank business in China, started around 2000, which is a late start compared with developed countries in Europe and the US (Han, 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

Study on liquidity risk of commercial banks

Mansour

2023

J. Infras. Policy. Dev.

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China’s banking system, a product of its planned economy, is a means for China to implement its economic and financial development and consolidate its role in the global economy. Recently, this system has been decentralised by adapting specific regulations to international standards. Against this backdrop, the development of inter-bank activities has played a vital role in the rapid expansion of Chinese banking sector’s assets. This study, uses data from 34 listed commercial banks between 2010 and 2018, to analyse the effect of interbank activities on commercial banks’ liquidity risk using a panel data model. This determines whether the effects are the same for different commercial banks. The study concludes that the expansion of interbank activities has increased commercial banks' liquidity risk, and that this effect is more significant in joint-stock banks than in urban commercial banks. Therefore, commercial banks should sensibly position their interbank development model, conduct their interbank business prudently and rationally, and continuously strengthen their risk control measures. The supervisory authorities must continue to strengthen supervision of interbank activities and prevent funds from being de-realised.

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“…In this case, Alipay and WeChat are gaining fantastic popularity; this is proven by their active users, who reached 520 million and 1 billion monthly, respectively. Furthermore, their consumers invested more than USD 2.9 trillion in 2016 [1].…”

Section: Introductionmentioning

confidence: 99%

The Effect of Product Knowledge, Perceived Benefits, and Perceptions of Risk on Indonesian Student Decisions to Use E-Wallets for Warunk Upnormal

2022

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(1) Background: The purpose of this research is to find out how product knowledge, benefit perception, and risk perception variables affect the decision to use e-wallets (Go-Pay). (2) Methods: The population used in this study is Indonesian students who used Go-Pay to carry transactions at Warunk Upnormal of Dipatiukur Branch, West Java, Indonesia. The sampling technique used by the author is a non-probability sampling technique. Meanwhile, the type of sampling used by the author is accidental sampling. Based on the calculations made, the sample used in this study is 100 Indonesian students. Furthermore, the research method used in this study is quantitative methods. Data analysis was carried out using structural equation modeling (SEM). (3) Results: this study indicates that the final product knowledge and perception of risk have a positive and significant effect on user satisfaction. The latent variable of perceived benefits has a negative and insignificant impact on the decision to use. (4) Conclusions: the latent variables of product knowledge and risk perception have a positive and significant effect on user satisfaction. Meanwhile, the latent variable of perceived benefits has a negative and insignificant impact on the decision to use the e-wallet.

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Chinese fintech companies and their “going out” strategies

Cited by 7 publications

References 14 publications

A Sino-US case study of the mobile payment fintech companies

A Sino-US case study of the mobile payment fintech companies

Study on liquidity risk of commercial banks

The Effect of Product Knowledge, Perceived Benefits, and Perceptions of Risk on Indonesian Student Decisions to Use E-Wallets for Warunk Upnormal

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