1. be slower than, or achieve less than others
2. WeChat Wallet is a mobile wallet feature built into messaging app WeChat. Tencent runs it.
3. Frequent e-commerce, and people paying via smartphones
4. It helped companies get around existing inefficiencies in the financial industry.
5. (i) pledged
6. There was no regulatory system, so there were no rules to follow.
7. (i) It would help start-ups to grow.
(ii) It would help protect customers who invest with fintech companies from being cheated by Ponzi schemes.
8. An initiative for banks to test new financial services technologies and applications.