The past decade has witnessed a phenomenal rise of digital wallets, and the COVID-19 pandemic further accelerated their adoption globally. Such e-wallets provide not only a conduit to external bank accounts but also internal payment options, including the ever-popular Buy-Now-Pay-Later (BNPL)....

Central banks worldwide have started researching and developing central bank digital currencies (CBDCs). In the digital economy context, concerns regarding the integrity, competition, and privacy of CBDC systems have also gradually emerged. Against this backdrop, this study aims to evaluate...

Chapter One New Thinking on Dangerous Situation—A Great Power in the Transformation -- Chapter Two Uncover the Truth—Ecosystem of Internet Finance -- Chapter Three Vanguard of Internet Finance—Third-party Payment -- Chapter Four An Initial Attempt—Roller-coaster Online Financial...

"This book summarizes recent Chinese discussions about Internet finance—a new financial business type resulting from an innovative thinking under the new normal—in the light of the actual situation of China in transformation, especially the thirst of the grass-roots economy including...

Title page -- Table of Contents -- Copyright -- Dedication -- List of Contributors -- Preface -- Background -- Purpose -- Themes -- Acknowledgment by David LEE Kuo Chuen -- Acknowledgment by Robert Deng -- Chapter 1: The Game of Dian Fu: The Rise of Chinese Finance -- Abstract -- Acknowledgments...