The Ledger

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Opinion
Shirky: US overlooks China's fundamental mobile payment innovations
“The kinds of innovations around e-commerce where people are paying using their mobile phones as with M-Pace in Kenya or have entirely alternate payment systems as with Alipay here, that's a kind of innovation Americans don't even recognize, right? Our innovati…”
Clay Shirky Jan 2, 2019 ▶ 7:51 a16z Podcast | 'In the Eye of a Tornado': Views on Innovation from China
Insight
Chan: Single super-apps succeed in China by reducing user friction
“The idea that everything lives in one app is actually seen as a good thing in China because it's less friction at the end of the day.”
Connie Chan Jan 2, 2019 ▶ 7:09 a16z Podcast | Culture and/of Design
Insight
Collison: Global payments are fragmenting around regional apps like Alipay
“As more people come online in more countries, as you know, things are heterogenizing where, you know, now you have a Chinese market available to you, but everyone's on WeChat Pay and Alipay rather than credit cards.”
John Collison Jan 2, 2019 ▶ 8:20 a16z Podcast | The Evolution of Payments
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