The age of the appacus: In fintech, China shows the way

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Good technology, stodgy banks and soaring wealth make China a leader in fintech

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The age of the appacus

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Fintech in China

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Wind and solar power are disrupting electricity systems

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The age of the appacus

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SHANGHAI

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CHINESE banks are not far removed from the age of the abacus. In the 1980s they used these ancient counting boards for much of their business. In the 1990s many bank employees had to pass a basic abacus test. Today the occasional click-clack, click-clack can still be heard in villages as tellers slide their abacus beads up and down the rack.
But these days the abacus is mainly a symbol, more likely to be used in the branding of …
Source: Retailing
The age of the appacus: In fintech, China shows the way