U.S. Banks are Terrified of Chinese Payment Apps Flashcards

1
Q

Cashless

A

adjective

Exchange of funds by digital means

Japan is not yet a cashless society.

They rent cars through a cashless system.

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2
Q

Get a cut

A

phrase

To receive a percentage of profits

If the business is successful I also want to get a cut.

If it fails you may not get a cut.

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3
Q

In contrast

A

noun

Showing the opposite

He is rich, but in contrast his sister is poor.

In contrast to the winter, Japanese summers are very hot.

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4
Q

Merchant

A

noun

A person or company involved in trade

They are our best merchant.

I got a better price from that new merchant.

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5
Q

Market share

A

noun

Part of a market controlled by a company / product

We now have the largest market share in Japan.

This deal will help them increase their market share.

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6
Q

Revenue

A

noun

Income of an organization

We need to increase our revenue next year.

They lost some revenue after the strike.

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7
Q

Alternatives

A

noun

More options

We need to think of more alternatives.

Which alternatives do you propose?

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8
Q

Have access to …

A

phrase

Being able to use / see something

I have access to a computer at the office.

Will we have access to a shower at the hotel?

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9
A
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