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Olimpicshop

“I hardly use my regular bank account anymore. My salary comes in at Alipay and I make most payments with the app. They also offer better interest rates than the regular banks,” said Allen Yu, a PhD in mathematics who runs MJL, a stock picking service based on quantitative analysis. “If I borrow money, I’ll go to a peer-to-peer platform, not a bank.”

Eurasian news online, Business China news, Cashless payments in China

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