Viewpoints

Jonathan AUERBACH: China is a global leader in the development of digital financial services.
June 15,2021

  Jonathan AUERBACH, Executive Vice President and Chief Strategy, Growth and Data Officer of PayPal, spoke at the plenary session sixof the 13th Lujiazui Forum 2021 “Digital Transformation of the Economy and the Financial Sector” on June 11.

  Over the past year, people around the world have adopted new habits:increasingly payingless in cash.And businesses are also adjusting. Digitalization is accelerating worldwide in an irreversible manner. China is already a global leader in the development of digital financial services. AUERBACH congratulated the People's Bank of China on its progress in the digital RMB. The success of this pilot project with a collaborative approach demonstrates the exciting possibilities of digital financial services, particularly its impact on inclusive finance.