Financial Times: Cliff Sheng on How Millennials are Driving a Cashless Society in China

Jul 25, 2018

Oliver Wyman partner Cliff Sheng was quoted in a Financial Times article titled “Why Millennials are Driving Cashless Revolution in China.”

The article examines the mobile payments revolution in China.

Chinese fintech was an attractive model for foreign businesses, said Cliff Sheng, co-head of financial services in China for Oliver Wyman, the consultancy. "Fintech ideas that originated in China are likely to be copied in the west, for example flight delay insurance ... China is gradually becoming a centre of innovation for these ideas."

To read the entire article, please click here.