The Honest Drink cover image

114. Richard Turrin: "Cashless"

The Honest Drink

00:00

What's the Difference Between WeChat Pay and Allie Pay?

The head of the central bank in China made a breakthrough decision. He allowed big tech to become banks and to transmit, become payment transmitters. When I make a WeChat Pay or Allie Pay payment, it is free. There is a 0.01% cost to moving money to the bank. For certain retailers, it goes up all the way to 0.06%.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app