Money20/20 Asia

The dominance of Tencent and Ant Financial in China has driven a new type of business model, ‘the ‘platform ecology’ model. These tech giants have leveraged marketplace dynamics to achieve hyper-scale and now offer consumers a range of financial and non-financial services, both their own and from third parties, integrated via a frictionless payments layer. Matthew Chen will dissect the platform model and the three layers he sees as essential for building a successful ecosystem - the technology layer, the platform layer & the service layer.