11-Jun-18, Asian Banking Finance
As China’s mobile payments giants Alipay and WeChat Pay scramble to conquer the Hong Kong market, the country’s lesser known fintech companies are also turning their formidable digital expertise to capture the opportunities in Southeast Asian markets.
%20Asian%20Banking%20Finance.jpg "Chinese fintech companies are tapping on Asia's unbanked (c) Asian Banking Finance")
Image: Asian Banking Finance
For instance online consumer finance platform WeShare is applying for a P2P license from Bank Rakyat Indonesia as it brings its digital arsenal into 'laggard' Southeast Asian markets like Indonesia where 51% of the population remains without a bank account.