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Andy Mukherjee’s View to 2022 - Digital Money: WhatsApp vs PhonePe vs Google Pay and more
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Governments, consumer internet behemoths, large banks and fintech firms will compete fiercely next year to bring our cashless future a little closer — with Asia at the epicenter of innovation. In China, where authorities are increasingly uneasy with the domestic private sector’s control on citizens’ data, the state will seek to reassert its might: The Beijing Winter Olympics will be the perfect opportunity for the central bank to show off its brand-new digital money, the e-CNY.
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