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China's fintech innovation thrives in unusual year--China Economic Net


The long queues at automatic teller machines (ATMs) have become a rare sight as people in China are already accustomed to going out with mobile phones instead of wallets, and many can t even remember when they withdrew cash the last time.
Rather than visiting brick-and-motor banks, people, especially the younger generation, turn to mobile phones and computers since the Internet and apps cover most banking services.
Official data showed that the number of ATMs dropped by 68,600 from the end of last year to September, while 2,790 more commercial bank outlets were shut down in the first 11 months, following the closure of more than 6,280 over the past two years. ....

Yangtze River , China General , Macau General , Lu Shuchun , Guo Shuqing , Guangdong Hong Kong , People Bank , Ministry Of Commerce , National Internet Finance Association Of China , Insurance Regulatory Commission , International Data Corporation , China Banking , Singapore Fintech , Xiong An New Area , Yangtze River Delta , Guangdong Hong Kong Macao Greater Bay , National Internet Finance Association , யாங்க்ட்ஜே நதி , சீனா ஜநரல் , மக்காவு ஜநரல் , குவாங்டாங் ஹாங் காங் , மக்கள் வங்கி , அமைச்சகம் ஆஃப் வர்த்தகம் , தேசிய இணையதளம் நிதி சங்கம் ஆஃப் சீனா , காப்பீடு ஒழுங்குமுறை தரகு , சர்வதேச தகவல்கள் நிறுவனம் ,

China's fintech innovation thrives in unusual year


China s fintech innovation thrives in unusual year
Xinhua |
Updated: 2020-12-14 13:52
A visitor uses a robot capable of providing financial services during an expo in Beijing. [Photo/Xinhua]
BEIJING The long queues at automatic teller machines (ATMs) have become a rare sight as people in China are already accustomed to going out with mobile phones instead of wallets, and many can t even remember when they withdrew cash the last time.
Rather than visiting brick-and-motor banks, people, especially the younger generation, turn to mobile phones and computers since the Internet and apps cover most banking services.
Official data showed that the number of ATMs dropped by 68,600 from the end of last year to September, while 2,790 more commercial bank outlets were shut down in the first 11 months, following the closure of more than 6,280 over the past two years. ....

Yangtze River , China General , Macau General , Lu Shuchun , Guo Shuqing , Guangdong Hong Kong , People Bank , Ministry Of Commerce , National Internet Finance Association Of China , Insurance Regulatory Commission , International Data Corporation , China Banking , Singapore Fintech , Xiong An New Area , Yangtze River Delta , Guangdong Hong Kong Macao Greater Bay , National Internet Finance Association , யாங்க்ட்ஜே நதி , சீனா ஜநரல் , மக்காவு ஜநரல் , குவாங்டாங் ஹாங் காங் , மக்கள் வங்கி , அமைச்சகம் ஆஃப் வர்த்தகம் , தேசிய இணையதளம் நிதி சங்கம் ஆஃப் சீனா , காப்பீடு ஒழுங்குமுறை தரகு , சர்வதேச தகவல்கள் நிறுவனம் ,

Yearender-Economic Watch: China's fintech innovation thrives in unusual year


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by Xinhua Writers Zhao Yang and Wu Qiong
BEIJING, Dec. 13 (Xinhua) The long queues at automatic teller machines (ATMs) have become a rare sight as people in China are already accustomed to going out with mobile phones instead of wallets, and many can t even remember when they withdrew cash the last time.
Rather than visiting brick-and-motor banks, people, especially the younger generation, turn to mobile phones and computers since the Internet and apps cover most banking services.
Official data showed that the number of ATMs dropped by 68,600 from the end of last year to September, while 2,790 more commercial bank outlets were shut down in the first 11 months, following the closure of more than 6,280 over the past two years. ....

Yangtze River , China General , Zhao Yang , Macau General , Lu Shuchun , Guo Shuqing , Wu Qiong , Guangdong Hong Kong , People Bank , Ministry Of Commerce , National Internet Finance Association Of China , Insurance Regulatory Commission , International Data Corporation , Xinhua Writers Zhao Yang , China Banking , Singapore Fintech , Xiong An New Area , Yangtze River Delta , Guangdong Hong Kong Macao Greater Bay , National Internet Finance Association , யாங்க்ட்ஜே நதி , சீனா ஜநரல் , ழோ யாங் , மக்காவு ஜநரல் , குவாங்டாங் ஹாங் காங் , மக்கள் வங்கி ,