China's banks stand to earn US$63b in revenue by 2020 from financial inclusion, says EY

China's banks could lose up to US$63.4 billion in revenues by 2020 if they did not make good use of fintech to serve the traditionally unbanked and underbanked customers, including financially excluded consumers and small and medium-sized firms, EY warned on Friday. Globally, banks, it said, had ...

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