[jomamaxx]

Credit is very different than bank accounts.

For example, even in countries like Spain, buying a new car and making payments is a new concept.

Without functioning consumer credit, some industries have a hard time.

A functional credit system is fairly essential.

Alibaba in some ways solved that problem by providing guarantees, escrow-ish stuff. More than anything 'credibility' is the value add in a region wherein there is/was little.

[kalleboo]

Are WeChat payments credit though? I was under the impression it was stored-balance?

[jomamaxx]

I don't believe wechat is credit based. That said, I don't use it.