The growth of Alipay and companies like Tencent has prompted Chinese regulators to take steps to be able to monitor them more closely. Photo: Xinhua

Internet giants such as Alipay, Amazon pose existential threat to banks, says Bank for International Settlements chief

  • Huge amounts of data tech titans gather on customers may give edge over established banks, Agustín Carstens says
Topic |   Mobile payments

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The growth of Alipay and companies like Tencent has prompted Chinese regulators to take steps to be able to monitor them more closely. Photo: Xinhua
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