Co-opetition in Payments
Asia’s new QR code mobile payments products are being driven by non-banks that include Internet companies, digital businesses, pure-play fintechs, MNOs and more. In China, Internet companies initially connected directly to customer bank accounts (for real-time and card-based payments). In Europe PSD2 is forcing banks to expose their payment systems to trusted third-party providers (TPPs).

This session explores the variety of ways in which banks can collaborate with non-banks and how such collaboration might be mutually beneficial to their payments businesses.
The growing number of fintechs entering the consumer e-payments business is creating a paradigm change to an industry previously dominated by banks. Should this be viewed only as a threat? Or might the number and variety of fintech services enable new business and partnerships opportunities for banks? European PSD2 open banking regulations were designed to encourage competition, enable innovative payments services and improve customer satisfaction. Should banks in Asia also publish their APIs and collaborate with the new entrants? Could they launch new products based on services from fintechs? Would such fintech-powered products successfully expand their portfolios, or cannibalise existing products? Could banks use fintechs as new channels to distribute bank products? What would be the pros and cons of these partnerships and what business models would be feasible? Session 4 at Digital Commerce Asia Pacific will explore these issues.
Meet Regulators, Interbank Networks and Banks from 
Malaysia, Thailand, Indonesia, Cambodia, Japan, Bangladesh, India, Laos, Philippines and Vietnam!

For more inquires about the event & sponsorship packages still available, contact us 👇

Mounisse Chadli
Business Development Manager 
+86 15618790417

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