alipay and ten cent they have 70, 7-0, 70% of market share for any e-commerce transaction in china.huge. >> it is. justifiably disconcerting. deirdre: to the banks, anyway. >> to the banks and the government that owns the banks. in china you are playing with the referee when you compete with the banks. i don't think there is existential risk to alipay, the limits on transaction size are meant to send a message for little things, little purchases, little transfers, you can have, that for big transactions, you got to go through a bank. deirdre: so fair enough. that is what's going on in epayments in china. >> right. deirdre: what about the u.s.? you have spent a decade building your portfolio to shift to the way we are all interacting with our money, and it's all online? >> our thesis has always been e-commerce moves way more quickly than instore payments. deirdre: sure. >> i think that's bearing itself out. deirdre: especially for apple pay. >> i use it for buying things in apps and iphone userstuse for buying things in apps. deirdre: do you think that's because you're a techy and kn