A passenger buys bottled water by scanning a QR code on a train from Chongqing to Chengdu. Making payments using a mobile phone is one of the most easily recognisable impacts of fintech in people’s daily lives. Photo: Xinhua A passenger buys bottled water by scanning a QR code on a train from Chongqing to Chengdu. Making payments using a mobile phone is one of the most easily recognisable impacts of fintech in people’s daily lives. Photo: Xinhua
A passenger buys bottled water by scanning a QR code on a train from Chongqing to Chengdu. Making payments using a mobile phone is one of the most easily recognisable impacts of fintech in people’s daily lives. Photo: Xinhua
Curtis Chin
Opinion

Opinion

The View by Curtis Chin

Fintech’s success will be measured by how wide its reach is, not by flashy IPOs 

Curtis Chin says the disruption that financial innovation brings to industries is to be welcomed, and any benefits that follow should improve the lives of ordinary people

A passenger buys bottled water by scanning a QR code on a train from Chongqing to Chengdu. Making payments using a mobile phone is one of the most easily recognisable impacts of fintech in people’s daily lives. Photo: Xinhua A passenger buys bottled water by scanning a QR code on a train from Chongqing to Chengdu. Making payments using a mobile phone is one of the most easily recognisable impacts of fintech in people’s daily lives. Photo: Xinhua
A passenger buys bottled water by scanning a QR code on a train from Chongqing to Chengdu. Making payments using a mobile phone is one of the most easily recognisable impacts of fintech in people’s daily lives. Photo: Xinhua
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Curtis Chin

Curtis Chin

Curtis S. Chin served as US Ambassador to the Asian Development Bank and as a member of the US Treasury Department international affairs teams under Republican and Democratic administrations. He now serves as managing director of advisory firm RiverPeak Group, LLC, assisting a range of start-up ventures, and as the inaugural Asia Fellow of the Milken Institute, a non-partisan, nonprofit economic think tank. While on the ADB board, Curtis was a leading advocate for institutional reform, and for policies and programmes focused on Asia's least developed nations. Follow him on Twitter at @CurtisSChin.