What 20 Years of Payments History Says About the Next 20 Years: DCS Chairman Jia Hang on Bank Cards, Mobile Wallets and Stablecoins

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DCS Group Executive Chairman Jia Hang reviews the evolution of payments from bank cards and mobile wallets to stablecoins, and believes stablecoins can combine data flows with fund flows, making payments equivalent to settlement. Having participated in expanding UnionPay's business in the Americas and in Ant Group's international strategy, he also explains the “GLocal” and “GNet” strategies behind Alipay+, as well as DCS's positioning as a bridge to Web 2.5.