Bloomberg Originals
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U.S. Banks Are Terrified of Chinese Payment Apps
Posted
May 20, 2019
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as posted by the channelIf mobile payment apps became as popular in the U.S. as they are in China, banks would lose a projected $43 billion in revenue annually. Bloomberg QuickTake explains how cheap and easy payments by phone are threatening one of the banking industry's most profitable businesses.
Video by Robin Fall
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