Page 16 - May 2018 Disruption Report Flip Book
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DIGITAL BANK JANMUAAYRY20210818
NUMBER OF TOP 100 BANKS IN EACH COUNTRY
Aditya Menon, co-founding member of Citi’s Global Digital Strategy Team, said:
Two years ago, in my opinion, payments were the end game for most [BigTech] players; but this is not the case any longer. Instead, the end game has now evolved to the creation of a broad financial system. Notably, Alipay cites that they do not expect to make money from payments—but rather see it as an enabler for other financial services; and we believe this is the case for most other players too.
In fact China has already proven this and this is also slowly becoming true for India if we look at Paytm’s monetization policy—which has gradually
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