US Banks are Terrified of Chinese Payment Apps Flashcards
Mobile service
noun
A cellular network allowing communication between mobile devices
* There are several competing mobile services operating in Japan.
* Each mobile service has different fees.
Physical stores
noun
Retail locations where goods are sold to customers in a physical space
* Amazon is attempting to add physical stores to their business.
* Physical stores are unfortunately on the decline in many places.
Finance executive
noun
A senior-level professional responsible for overseeing financial operations within an organization
* She finally achieved her goal of becoming a finance executive.
* Our finance executive presented the quarterly report to the CEO.
Get a cut
phrasal verb
To receive a share of a profit in a financial transaction
* Real estate agents get a cut of the sales price as a commission.
* Our investors will all get a cut once this project is completed.
A growing number of …
phrase
More and more of …
* A growing number of new startups are going out of business.
* There is a growing number of new services on that platform.
Consumer
noun
A person who buys goods or services for their own use
* These new taxes will certainly affect many consumers.
* Less and less consumers are using physical stores.
Rely (on something)
verb
To need a particular thing or person for help or support
* We are relying on them to support us with this project.
* Can I rely on you?
Something is tied to something else
verbal phrase
Something is connected to or affect by something else
* Climate change seems to be tied to human activity.
* Our profits are directly tied to our marketing strategy.
A feast of fees
idiom
A situation where there are many charges or costs involved in a transaction or service
* We will face a feast of fees if we switch to that system.
* I had to pay a feast of fees when I moved to my new place.
Process a payment
verbal phrase
To complete the needed steps to transfer money from one party to another
* Sorry that it took so long to process this payment!
* Processing this payment should not take more than a few minutes.
Typical
adjective
Usual or expected
* This is very typical example of what not to do…
* A typical day at the office is really not too stressful.
Merchant
noun
A person or business that sells goods or services
* Online merchants of this product are selling it for cheap.
* Most merchants now accept credit cards.
Split between …
phrasal verb
Something is divided among two or more parties
* Profits will be split between our stakeholders.
* We should split the bill between all of us.
A small slice of …
phrase
A small percentage or portion of something
* We only received a very small slice of the profits.
* They will get a small slice of the money.
Grab a market share
verbal phrase
To increase one’s portion of sales or customers within a specific market
* They are trying to grab a market share in South East Asia.
* We were successful in grabbing a market share in that demographic.
Roughly
adverb
Approximately
* We will need to hire roughly twenty new staff members.
* There will be roughly a hundred people at the event.
Projected
adjective
Calculated on information already known
* The projected cost for the new office will be several billion yen.
* They will need a projected four million in assets to stay afloat.
Revenue
noun
The income of an organization
* Taxes provide most of the government’s revenue.
* Our revenue fell dramatically last quarter.
Profitable
adjective
Making a profit
* I believe their business will be quite profitable in the near future.
* It is not profitable to buy that business after all.
Dispense cash
verb - noun
To provide physical currency to customers through ATMs or bank tellers
* Most convenience stores have ATMs which can dispense cash 24/7.
* They will not be able to dispense any cash on Sunday evenings.
Alternatives
noun
Other available options
* Do we have any alternatives to using this particular service?
* There are no alternatives to this route.
Take a hit
phrasal verb
To be affected badly by something
* The restaurant industry took a massive hit during the pandemic.
* If the government passes these taxes many small businesses will take a hit.
Generate
verb
To cause something to exist
* They have generated a sizable income this year.
* The project has generated 500 new jobs.
Have access to …
verbal phrase
To have the ability to use something
* I don’t have access to that service because of where I live.
* We will have access to several train stations at our new office.
