Chinese banks are ”far less digital” than Indian lenders now even though they had embarked on the digital journey very early, veteran banker K V Kamath said on Thursday. ”I think (there are) lots of differences between what has happened there (China) and what has happened here,” Kamath, the Chairman of the National Bank for Financing Infrastructure and Development (NaBFID), said on the concluding day of the three-day Global Fintech Summit here. ”Yes, they (China) went into (digital) payments very early with Alipay and WeChat Pay. But the rest of it is very interesting. ”If I were to actually look at it, a Chinese bank is far less digital than an Indian bank now. There are technology enablers who lived there 4-5 years ago and were probably at a better or higher level than those in India,” Kamath said.
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