P2P Payments in China

http://www.businessinsider.com/tencent-wechat-p2p-payments-could-surge-in-2016-2016-3?IR=T

"Reuters extrapolated this to estimate that Tencent's P2P transaction volume in January totaled $46 billion"

This is quite impressive while the US and France are still struggling with ridiculously dated schemes like checks:
http://www.pymnts.com/news/faster-payments/2016/the-fastest-path-to-faster-payments-in-the-us/

Since all of these new P2P systems are "App" based, it makes it kind of obvious that creating a "bridge" from the Web to the App world would be a tremendous (and still relatively simple), step forward. The only natural place for a Wallet is in the device because then it can be used for multiple purposes.

Anders

Received on Monday, 11 April 2016 05:17:11 UTC