Need GDP growth? Make people addicted to shopping and saving less. Why? Because it’s the way how modern economy work. The GDP growth rate could not be achieved if citizens (tourists) don’t spend money. In […]
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Tag: market
How banks make money on your credit card
Credit and debit cards look similar but influence differently on wealth utilisation. Credit cards issuing companies mastered a few main money making strategies: Interest rate applied on late payment Merchant interchange fees (mostly 2-5% of […]
China’s Union Pay business model
China’s Union Pay is financial services corporation established in 2002 with headquarter in Shanghai. It has monopoly protected by government. For many years Chinese market was closed to American competition (Visa, MasterCard, American Express etc), […]
Visa Inc business model
Visa Inc is global payment technology company established in 1958 headquartered in California. It’s second largest payment network after China Union (protected by government of China). As per Forbes magazine without China UnionPay , Visa […]
Cashless countries
Electronic payment options revolutionized cashless payments world wide. But homosapiens used cashless payments in form of barter since first exchanges happened. Usage of cash considered complicated in many ways: Impossible online payments by cash Cash […]
Wealth in form of cash
Owning paper money and fat bank account considered by majority as wealth. But in reality it’s partially true. Look in Forbes 100 richest people in world clearly traceable pattern of diversified portfolio investment. That means […]
What is wealth?
modern forms of wealth
