Ep. 779: Ming Zeng Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Impact of the Visa MasterCard Lock on the Payment System in America
I find it almost comical that Visa MasterCard have got this lock on the system, the payment system in America. I already enjoy a tremendous market power. They are less willing to try new things. And also, as I'm very interested, there's also customer perspective as well because consumers in China experience so many changes over such a period of time. So their willingness to try newThings is also very, very high. They are much more open for change. If you look at landscape of mobile service in China, not all payments, almost every service area has been mobilized and you can find the unique app for that. It really has been very little innovation except for PayPal across the payment
Play episode from 29:55
Transcript
