legacy that is the global banking system has survived challenges to its livelihood from all directions for many years. But new entrants are no longer isolated to financial technology start-ups, a simple hiccup. Now entering the battlefield are goliath technology corporations with scale and reach so large and wide that they could shake the industry to its core.
The Financial Stability Board recently said in a press release that big tech posed a threat that should not be ignored. “It is quite explicable by the fact that big tech usually have well-developed wide customer networks and their names are quite recognisable.” By diving into payments, Facebook appears to be trying to replicate the success of Tencent’s WeChat app, which has grown to dominate China’s $4.7-tillion mobile payments market alongside Alibaba, according to Beijing-based consultancy Analysys International.The best example of what awaits banks is probably China, where AliPay and WeChatPay process far more transactions than the local banks and payments are virtually all done using QR codes without touching the payments system set up by banks.
Retail customers would benefit from lower fees, higher security, and the potential of smart contract facilitated transactions. And of course, suppliers could expect the same benefits on their side, too.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
Business Maverick: Liquidity risks haunts China’s fast-growing bond marketsJust as Beijing is opening up to outsiders its byzantine regulatory framework and patchy trading volumes could cause a shock in the country’s debt market. But pravingordhan must be held account him and PresJGZuma there is no difference all have violated the constitution. Pravin is not above the law. Did u get that clear?
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
Business Maverick: After gobbling up Lonmin, the Sibanye juggernaut rolls onSibanye-Stillwater and Lonmin shareholders on Tuesday 28 May 2019 approved a takeover offer by the former for the latter. This marks the end of one era in South African platinum as Lonmin, formerly linked to Lonrho, rides off into the sunset, with a history stretching back over a century. And a new era is in the offing, as Sibanye becomes the world’s largest primary producer of platinum group metals (PGMs), with an eye on expanding into battery metals.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
BUSINESS MAVERICK — INVESTMENT ANALYSIS: Beyond traditional investments: cranes, planes and rock ’n rollCranes, planes, and rock and roll don’t seem to quite fit into the world of hard-core investments, but you may already have them in your portfolio. What are they doing there?
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
Business Maverick: SAA CEO Jarana resigns, placing SAA’s turnaround plan in questionNot again. Not another one. SAA CEO Vuyani Jarana has resigned, becoming the eighth SAA CEO to resign in the space of six years, raising the question of whether the airline is now so run down from years of mismanagement and corruption that it's possible to save it at all. And there is the niggling issue of whether government even wants to save it.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
Business Maverick: Emerging markets buffeted by trade tariff surprisesEmerging markets have taken the brunt of the pain as Trump’s trade announcements send investors to the perceived safe havens. But many of these countries are trading at attractive valuations, with mixed economic fundamentals, so savvy investors could well be winners if they take the time to sort the wheat from the chaff.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
BUSINESS MAVERICK ANALYSIS: Tongaat Hulett scandal raises more red flags about governance in corporate South AfricaCorporate South Africa has long prided itself on its sophistication, governance ethos and commitment to the highest global standards of accounting and transparency. A strong corporate culture and deep and liquid financial markets for years set South Africa apart from many of its emerging market peers. That is starting to unravel, with Tongaat Hulett the latest South African company to signal that it will have to ‘restate’ profits because they were not up to scratch first time around.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
Business Maverick: Tuesday, June 4: Five Things You Need to Know to Start Your DayThe technology industry is girding for sweeping investigations into its business practices and FAANGS got hit by the news. Asia equities are in the green despite a U.S. selloff. And China warns students on the growing risks of seeking a U.S. education. Here are some of the things people in markets are talking about today.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
Business Maverick: SA Needs `Robust Action’ to Cut Fiscal Gap, IMF SaysSouth Africa needs to take “robust actions” to reduce its fiscal deficit and reverse the increase in public debt, the International Monetary Fund said Let’s explain that to Cyril “the tortoise” Ramaphosa But we have a govt unable to make the really tough decisions
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
Business Maverick: U.S. probe of Google’s online ad dominance would appease long suffering rivals, publishersAd tech firms and publishers have had to stay in the good graces of Google or risk insolvency. For them at least, the US Justice Department probe is welcome.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
BUSINESS MAVERICK: Once bulletproof, listed property stocks are flounderingThe listed property sector managed to ride out the economic and political turmoil during the corrosive Jacob Zuma years. Investors backing listed property stocks were consistently rewarded with inflation-beating dividends. However, worsening trading conditions are dampening results and forcing companies to downgrade their dividend growth.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
BUSINESS MAVERICK — INVESTMENT ANALYSIS: Naspers: to infinity and beyondCape Town based internet firm, Naspers, has announced it will list a subsidiary company, Newco, on the Euronext exchange in July. Newco will hold all of Naspers offshore technology assets, including Tencent, OLX and PayU, and will have a secondary inward listing on the JSE. Naspers will remain listed on the JSE.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »