Australian fintechs urged to look at the super apps of China to take their business to the next level
PayPal and Stripe target payments, Robinhood on mobile investment, Kabbage on lending” while Chinese firms are building super apps, such as WeChat
The ASX also hosts a number of other listed fintechs operating across payments, consumer finance and small business lending.
Australia’s open banking regime commenced yesterday, 1 July, 2019. Here’s what some of the industry leaders had to say about the launch.
A bold rejection of the business model of emerging digital-only banks was made by seasoned fintech investor Rajeev Gupta, partner at Alium Capital.