pentek is a word that has been gaining attention during the recent years.mbines the word financial and technology. it refers to the services used for information technology, the services commonly used in the u.s. where fintech has taken root. in china, financial services using smartphones began five years ago and have been rapidly expanding in the past three years. ja lei works for an i.t. firm in shanghai. as chief of the beijing branch, he has been going on business trips several times a year. his smartphone has become an irreplacement part of his routine. since online financial services began, jai hardly ever carries around cash. he uses the qr codes of various stores to pay for purchases. ♪ store clerks check customers' phones to finish payment. in china, there is no service charge for deposits within the same bank in a city. but a charge is applied for remittances from bank "a" to bank "b." financial service companies using smartphones have partnerships with all banks, enabling individuals to transfer money between any bank without paying a charge. now