TRY FOR FREE

China Gets its First Online-Only Bank #Tencent

China has witnessed the launch of its first online-only bank, hinting at the government’s faith in privately owned lenders that can expand access to finance, especially for small-scale borrowers. WeBank, a joint venture led by Tencent, is the first private bank to start operations under the pilot program. The banking regulator in China has already granted licenses to s ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.

RECOMMENDED