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Wednesday, August 17, 2016

Aug 17, 2016 - Co-operative banks attempt to stay relevant by offering faster credit disbursal and internet banking

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
On my own trips to China, I've used WeChat to authenticate my identity at public WiFi spots, pay for food, hail a taxi, book domestic travel, schedule meetings, and, yes, chat with friends and colleagues. The technology behind WeChat is good, but the real breakthrough is that, from a market standpoint, the app already does what dozens of Western firms are still trying to accomplish - bundle an array of consumer services into a single app and scale that app to win market share. When I travel to Silicon Valley - where the mobile payment wars are just beginning - people ask why firms like Facebook and Google haven't brought a successful alternative to the market. But isn't it better to ask why Tencent, which owns WeChat, hasn't brought its solution to the U.S.? More here

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Co-operative banks attempt to stay relevant by offering faster credit disbursal and internet banking

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