Monday, March 6, 2017

The largest payments company in the world most people have never heard of

  “‘Fintech takes the original financial system and improves its technology,’ said Ma during Friday’s China Conference organized by the South China Morning Post. ‘TechFin is to rebuild the system with technology. What we want to do is to solve the problem of a lack of inclusiveness.’” Thus writes the South China Morning Post on December 5 of last year, about a keynote given by Alibaba founder Jack Ma in an article called “TechFin: Jack Ma coins term to set Alipay’s goal to give emerging markets access to capital.” On February 5, 2016, I blogged about TechFin, the incumbents’ view of applying technology to…

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