U.S. Banks Are Terrified of Chinese Payment Apps

[ohmrlobalobayeh]

If 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.

 

[Offshore]

If 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.

bank can shift their market to big corporate, the problem is small bank with small capital, they are doom!

 

[kankan326]

Don't worry. USA won't use it. Because USA is controlled by the top rich people. Their will is the nation will.

 

[Offshore]

Don't worry. USA won't use it. Because USA is controlled by the top rich people. Their will is the nation will.

indeed.
the lobbist is the one hinderd US from tech society.

 

[Hamartia Antidote]

Wow! Seems you guys have a very short memory:
https://www.bloomberg.com/opinion/a...trol-alipay-wechat-pay-deposits-is-power-grab

China Is Strangling Its Private Champions
By taking over the deposits of platforms like Alipay and WeChat Pay, the PBOC is making a power grab. All in the name of protecting consumers.

In the name of risk management, the People’s Bank of China in January officially became the custodian of all deposits from third-party payment groups, a transition that started in 2017. Before then, the likes of Ant Financial’s Alipay and Tencent Holdings Ltd.’s WeChat Pay had piles of cash accumulating on their platforms, which they’d invest to generate returns – without always paying interest to users. That didn’t sit well with the central bank and spurred regulation requiring the money to move into non-interest-bearing accounts under its purview.

Don't worry. USA won't use it. Because USA is controlled by the top rich people. Their will is the nation will.

Oh LOL! We'll be using Apple Card in a few weeks to get around banks.

"A Credit Card created by Apple...not a bank"

Apple will instantly push out banks in the dozens of countries ApplePay is accepted. We’ll see whose country’s banks yell first!! Your banks already took Alipay and WeChat pay deposits
https://support.apple.com/en-us/HT207957

Asia-Pacific


Australia

China mainland*

Hong Kong

Japan

Kazakhstan

New Zealand

Singapore

Taiwan


Europe


Austria

Belgium

Czech Republic

Denmark

Finland

France

Germany

Greenland

Guernsey

Hungary

Iceland

Ireland

Isle of Man

Italy

Jersey

Luxembourg

Monaco

Norway

Poland

Russia

San Marino

Spain

Sweden

Switzerland

Ukraine

United Kingdom

Vatican City

Latin America and the Caribbean

Brazil

Middle East

Saudi Arabia

United Arab Emirates


North America


Canada

The United States

 

[ohmrlobalobayeh]

Wow! Seems you guys have a very short memory:
https://www.bloomberg.com/opinion/a...trol-alipay-wechat-pay-deposits-is-power-grab

China Is Strangling Its Private Champions
By taking over the deposits of platforms like Alipay and WeChat Pay, the PBOC is making a power grab. All in the name of protecting consumers.

In the name of risk management, the People’s Bank of China in January officially became the custodian of all deposits from third-party payment groups, a transition that started in 2017. Before then, the likes of Ant Financial’s Alipay and Tencent Holdings Ltd.’s WeChat Pay had piles of cash accumulating on their platforms, which they’d invest to generate returns – without always paying interest to users. That didn’t sit well with the central bank and spurred regulation requiring the money to move into non-interest-bearing accounts under its purview.



Oh LOL! We'll be using Apple Card in a few weeks to get around banks.

"A Credit Card created by Apple...not a bank"

Apple will instantly push out banks in the dozens of countries ApplePay is accepted. We’ll see whose country’s banks yell first!! Your banks already took Alipay and WeChat pay deposits
https://support.apple.com/en-us/HT207957

Asia-Pacific


Australia

China mainland*

Hong Kong

Japan

Kazakhstan

New Zealand

Singapore

Taiwan


Europe


Austria

Belgium

Czech Republic

Denmark

Finland

France

Germany

Greenland

Guernsey

Hungary

Iceland

Ireland

Isle of Man

Italy

Jersey

Luxembourg

Monaco

Norway

Poland

Russia

San Marino

Spain

Sweden

Switzerland

Ukraine

United Kingdom

Vatican City

Latin America and the Caribbean

Brazil

Middle East

Saudi Arabia

United Arab Emirates


North America


Canada

The United States

Didn't the article already stated what u're trying to affirm?

The government controls the banks in china- n that is a good thing because the pboc is a state-owned bank. Banks report to the government here too in Singapore, after few major bank runs here in the 70s.

The banks control the government in the US

The banks serve the people in china( n Singapore)- hence the People's bank of china.

The people serves the banks in the US(and the Rothschild family)

Low IQ people just can't arrive at this

 

[Hamartia Antidote]

Didn't the article already stated what u're trying to affirm?

The government controls the banks in china- n that is a good thing because the pboc is a state-owned bank. Banks report to the government here too in Singapore, after few major bank runs here in the 70s.

The banks control the government in the US

The banks serve the people in china( n Singapore)- hence the People's bank of china.

The people serves the banks in the US(and the Rothschild family)

Low IQ people just can't arrive at this

So when the AppleCard comes out in a few weeks getting around banks are you expecting a B2 Bomber strike on the new Apple Headquarters?

If nothing happens wouldn't that prove the US system is more freer than China's since it would allow people's money to NOT be controlled by a government entity (like China's central bank) or the powerful big western ahem "Rothschild" controlled banks.

What would your answer be to that...

 

[ohmrlobalobayeh]

So when the AppleCard comes out in a few weeks getting around banks are you expecting a B2 Bomber strike on the new Apple Headquarters?

U're asking my opinion- and it is that Jewish bankers already mixing in the crowd at the floor in the US Senate(rem, the government is already infiltrated n controlled by bankers either by themselves or via proxies n their cronies)will go about lobbying for their interests.

 

[Hamartia Antidote]

U're asking my opinion- and it is that Jewish bankers already mixing in the crowd at the floor in the US Senate(rem, the government is already infiltrated n controlled by bankers either by themselves or via proxies n their cronies)will go about lobbying for their interests.

Don't worry I'll be updating this thread every Saturday after the AppleCard comes out reminding you that the powerful Rothschild family has been finally beaten by little ole Apple.

bookmarked for updates

 

[ohmrlobalobayeh]

Don't worry I'll be updating this thread every Saturday after the AppleCard comes out reminding you that the powerful Rothschild family has been finally beaten by little ole Apple.

bookmarked for updates

wait, i replied ur post before u edited your post and added the 'free-er system' part.

this part is a semi-strawman.

u're assuming its better to have a free-er system for ppl to move their money around without government monitoring or interference and by-large, implying that it's better for banks to be able to do what they please without answering to the government- and imposing that idea that i agree with your underlying such a system is otensibly 'better'.

Not to mention that banks in the US are not government-controlled. So either ways, ur post is merely saying 'private entitiy A has beaten private enitity B', when my point was about the government beating private entities or to be more specific- private banks.

thx.

 

[Hamartia Antidote]

wait, i replied ur post before u edited your post and added the 'free-er system' part.

this part is a semi-strawman.

u're assuming its better to have a free-er system for ppl to move their money around without government monitoring or interference and by-large, implying that it's better for banks to be able to do what they please without answering to the government- and imposing that idea that i agree with your underlying such a system is otensibly 'better'.

Your implying it is impossible for companies to do any type of financial transactions due to Rothschild controlled banks controlling the US government.

I'll just provide weekly updates when Apple does exactly that.

 

[ohmrlobalobayeh]

Your implying it is impossible for companies to do any type of financial transactions due to Rothschild controlled banks controlling the US government.

I'll just provide weekly updates when Apple does exactly that.

im implying that it is impossible for banks to beat the government in china(as u posting that post affirming what i said without realising it yourself).

I gave that anecdocte as my opinion that lobbying US senators would be the logical step taken by bankers in the US. when did i mention WHO will triump ultimately.


Strawman

thx

 

[Hamartia Antidote]

im implying that it is impossible for banks to beat the government in china. I gave that anecdocte as my opinion that lobbying US senators would be the logical step taken by bankers in the US. when did i mention WHOM will triump ultimately.


Strawman

thx

You are the one who brought up the Rothchilds owning the US banking system and thus would not allow some tech company like Apple to get around their banking grip without a fight.

Are you now backtracking saying the Rothchilds will throw up their hands and admit defeat?

 

[ohmrlobalobayeh]

You are the one who brought up the Rothchilds owning the US banking system and thus would not allow some tech company like Apple to get around their banking grip without a fight.

Are you now backtracking saying the Rothchilds will throw up their hands and admit defeat?

You are the one who brought up the Rothchilds owning the US banking system and thus would not allow some tech company like Apple to get around their banking grip without a fight.

Are you now backtracking saying the Rothchilds will throw up their hands and admit defeat?

strawman again.

i did say the rothschild will fight for their interests.

i did not say who will trumph- nor am i interested to know.

why the constant cheapshot?

 

[Hamartia Antidote]

strawman again.

i did say the rothschild will fight for their interests.

i did not say who will trumph- nor am i interested to know.

why the constant cheapshot?

But if the Rothchild's as you say control the US government how can they NOT triumph??

My assertion is that your Rothschild thing is a lame argument.
If Apple wins you simply write it off as a minor setback for the all-powerful Roth controlled banks.
If Apple fails you jump up and down and say this proves the Rothchild's power exists.

Let's see how this turns out...