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BizBeat Ep. 370: Digital payment: next battle field for tech giants?
CGTN
03:28

Global tech titans are increasingly duking it out in the payments space to drive customer acquisition. In the latest such move, Huawei has unveiled its own online payments system. Meanwhile, it was announced that China's central bank digital currency, the e-CNY, will enter its third round of testing by expanding into more key cities and regions, further making the digital currency more accessible in daily life. Why did these parties decide to compete with each other in the digital payment market and will those with a hardware edge such as Huawei and Xiaomi be able to unseat Alipay and WeChat Pay? In this episode of BizBeat, CGTN's Michael Wang explains.  

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