By Ania Thiemann, OECD on the Level
The substantial growth of BigTech firms, such as Amazon, Google, Facebook and Apple, in terms of customer base, international presence, and use of customer data, has drawn the attention of practitioners and policy makers to the potential for such firms to leverage their competitive advantages to compete in segments of financial services.
BigTech is a particular case of FinTech, which is broadly speaking the use of technology and innovation to deliver financial services outside of the traditional bank branches. The FinTech revolution is already substantially changing the delivery of services, the nature of intermediation and competition in the market.[1] The ubiquitous use of mobile devices has expanded the availability of financial services by allowing for mobile payments (wallet), money transfers (remittances) and online shopping. The integration is particularly advanced in Asia where payment apps are currently serving more than one billion users, providing e-commerce, chat, goods deliveries, food ordering and ride-hailing…
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI