Fullerton, Elijah Journey; Morgan, Peter J. - 2022
and Tencent, which started in digital payments but have branched out into other bank-like services, such as investment … state of digital payments in the PRC, including the role of non-banking platforms, such as Ant Group's Alipay and Tencent … products and loans. At the same time, the People's Bank of China (PBC) has been developing a central bank digital currency …