26 Aug 10.12. - 13. Global Payment Summit
Global Payment Summit is a platform ‘ for and by ‘ professionals in the transaction space. You should regard the presented program as a ‘living document’ and please check for updated versions. The summit offer top content and room for fierce debate on essential next step developments in the payments landscape. The program offers, next to plenary introductions, tracks of choice. These tracks are well prepared in-depth sessions on key topics. Developments in the payments and transaction space are a truly global interest as global payment summit bring global state-of-the-art expertise to create the best platform. This program contributes in offering personal and professional development next to essential international networking with your peers.
APAC the driving force in FinTech and Payment Innovation.
FinTech is “hot” in Asia. Investments reached to over US$ 4,5 billion in 2015, just for in Asia; far larger than the investments in Europe. FinTech innovators looking for ‘scale’ tend to focus on the larger markets such as India and China. It is “crossing borders” that will be key for payment innovators. Understanding the country specifics, the needs of customers and be sure to partners locally with the right entities to be successful.
The importance of GlobalPaymentSummit (GPS) innovative agenda in APAC
GPS is being organized in Singapore. Together with Hong Kong, APAC holds the two of the top four financial centers of the world. Next to that, both Hong Kong and Singapore are leading in adopting FinTech services, recently. HKMA and MAS are actively involved in stimulating innovation and creating room to pilot amongst others by offering regulatory sandboxes.
- The unbanked/underbanked
Of the 1.2 billion people who don’t have a formal bank account (unbanked / underbanked) over 50 % live in Asia. So a great opportunity to develop cost-effective solutions for financial services, both bank and non-bank! The large penetration of smartphones and the growing drive to secure (faster) internet for everyone will enable FinTech to anticipate even faster.
- Remittances
Goals have been set to reduce the cost for remittances to max 3 %. The largest portion of Remittances is coming from Asian nations. Key will not only be to reduce the overall costs but also secure that payments can remain cashless and secure in the entire value chain.
- Payment Processing / straight-through processing
Faster Payment Technologies will enable a state-of-the-art high-end process for domestic and cross-border transactions. With faster payment technologies, financial institutions can leverage on the digital road, increasing the remittance flow and trading activities in APAC.
- e-Commerce
No doubt that China has the largest e-commerce eco-system in the world. China’s FinTech companies like Alipay, Tencent, WeChat and others create total new reality in payments and finance. A reality check for banks and services providers who are ‘traditionally’ positioned.
- Security of Virtual Payments
With transactions going massive digitally, protecting cyberspace security and personals data safety is key. Technologies such as biometrics will be needed but their wide applications may take time and big investments.
For detailed programme of the 2 days summit, please click here.
Information Overview:
Date: 12 -13th of October, 2016
Location: Sofitel Singapore Sentosa Resort & Spa
2 Bukit Manis Road Sentosa, Singapore 099891
Price:
- Full program pass (2 days ): USD1,395
- 1 day delegate pass: USD790
To get tickets, please visit here.
