FinTech: China & Brazil

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New financial technologies in China and Brazil and their implications for inclusive economic growth

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Publisher: Institute for Technology and Society of Rio (ITS Rio)

Author: Laís Bueno Sachs

Yenching Academy | Contemporary Chinese Studies

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During the last decade, a whole new set digital technology has been spread in the financial world and transformed it. Digital Wallets, Electronic Payment Systems, Digital cash, Cryptocurrencies, for instance, are affecting the way entire societies deal with money and investments. China and Brazil, in this context, are not exceptions. Indeed, both the Chinese and the Brazilian economies are under intense transformation as a result of the rise of these new digital technologies applied to the financial sector.

In pursuance of a better understand of the digital economic environments that are emerging in these countries, this dissertation discusses the following research questions:

i. “Do new financial technologies boost Inclusive Economic Growth in developing countries?” and
ii. “What are the major factors affecting the adoption of these new financial technologies?

After discussing these two questions, it is hoped that some insights can be provided lightning up how the implementation of new financial technologies – electronic payment platforms in special – can contribute for Inclusive Economic Growth. In other words, it is aimed that this dissertation will bring new information and qualitative analysis of the relation between economic growth, economic inclusiveness and new digital financial technologies.

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0. Abstract

by ITS Rio

Published: Dec 18, 2018

1. Introduction

by ITS Rio

Published: Dec 18, 2018

During the last decade, a new set of technology has been spread in the financial world and transformed it. Digital Wallets, Electronic Payment Systems, Digital cash, Cryptocurrencies, for instance, are changing the way people, institution and companies deal with money.

2. Literature Review and Theoretical Dicussion

by ITS Rio

Published: Dec 18, 2018

For hundreds of years, many economists, politicians and scholars have discussed about the government’s role in a country’s economy. Should the State intervene in the market? Was this intervention necessary or should governments leave the market and its invisible hand regulate?

3. Theoretical Framework and Methodological discussion

by ITS Rio

Published: Dec 18, 2018

The very first assumption is related with humans’ rational nature: Human Beings are considered rational individuals that try to allocate rationally and efficiently their scarce sources such as time, money, and skills. Of course human beings do not act based on their rational.

4. The development of new technologies applied to the financial sector

by ITS Rio

Published: Dec 17, 2018

this chapter aims to present the definition of some cornerstone concepts for this thesis such as FinTech, E-payment, m-payment systems, and Peer-to-Peer lending.

5. The emergence of FinTechs in China

by ITS Rio

Published: Dec 18, 2018

During the last years, China has become the world’s FinTech Market leader. Peer to peer lending, digital payment and wealth management are the main sub-areas in which Chinese FinTech companies are investing in the most so far.

6. Ant Financial and it’s Alipay

by ITS Rio

Published: Dec 18, 2018

Ant Financial Services Group is the official name of the company that, since 2014, is responsible for managing all financial services from the Alibaba Group, including, Alipay and Yu’E Bao

7. The emergence of FinTechs in Brazil

by ITS Rio

Published: Dec 18, 2018

Although some so-called “FinTech” companies emerged as early as 2009, just in 2014 the sector started to experience a significant growth – both in the number of companies being created and in the amount of money invested and generated.

8. Brazilian Payment-focused FinTechs

by ITS Rio

Published: Dec 18, 2018

In addition, some other characteristics of the credit and debit card market in Brazil should also be taken into consideration: there are big fat fees that sellers have to pay for the credit and debit card issuers (the banks) and for the “acquirers”

9. The FinTech sector in China and Brazil: an analysis of government’s regulations and their impact on the usage of new financial technologies

by ITS Rio

Published: Dec 18, 2018

Determining whether new financial technologies influence Inclusive Economic Growth in developing countries is not an easy task. So far, the emergence of both Chinese and Brazilian FinTech sectors were addressed.

10. Conclusion & Prospects

by ITS Rio

Published: Dec 18, 2018

For centuries, economists, political scientists, politicians and other professionals have tried to understand what variables lead to economic growth and whether governments should intervene in the market to promote this growth or not.

New financial technologies in China and Brazil and their implications for inclusive economic growth

0. Abstract

1. Introduction

2. Literature Review and Theoretical Dicussion

3. Theoretical Framework and Methodological discussion

4. The development of new technologies applied to the financial sector

5. The emergence of FinTechs in China

6. Ant Financial and it’s Alipay

7. The emergence of FinTechs in Brazil

8. Brazilian Payment-focused FinTechs

9. The FinTech sector in China and Brazil: an analysis of government’s regulations and their impact on the usage of new financial technologies

10. Conclusion & Prospects

11. Apendix A – D

12. References

13. Acknowledgement

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