FinTech has become one of the many trending buzz words these days and everyone is diving into the market. Yet how many of these new technologies are actually helping to achieve the sustainable development goals or are they widening the digital gap? Pondering this question, I attended the Asia Pacific Pacific Business Forum (ABPF) 2018 organized by UNESCAP and Cyberport on 10 Apr which gave me some insight!

Mobility is an advantage. To enhance one’s mobility is not only about physical movements, but also their assets. Over 2 billion people of the world population are indeed unbanked, meaning that they have neither bank accounts nor access to existing traditional financial services. And more astonishingly, only 27 percent of the population in Southeast Asia has a bank account which signifies a serious equality gap here. To address this social issue, Mr. Alex Kong from TNG.Asia (http://tng.asia) shared his vision of helping these unbanked people and especially domestic helpers with the easy-to-use digital wallet service. With the wallet, they no longer worry about sending cash in an envelope back home and having it get lost in the mail along the way. Starting in Hong Kong, TNG already expanded to cover 12 Asian economies.

This is a prime example of how businesses can innovate to make an impact by navigating in the blue ocean of the underserved and meeting their needs. Rise with Asia now!

By Ajitora

This.Is.Asia Newsletter Issues

No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

NetMission Ambassadors 2019 Recruitment Now Open!

NetMission Ambassadors 2019 Recruitment Now Open!

We are excited to announce that NetMission is extending to the entire Asia Pacific region this year! Building on our past years of success and growing network of alumni as well as enhanced collaboration with our regional partners, we have decided to reach beyond Hong...

read more
Empowering the Pacific Communities with APrIGF Vanuatu

Empowering the Pacific Communities with APrIGF Vanuatu

Taking place the first time in Pacific, APrIGF Vanuatu 2018 has concluded in tremendous success with 80% show-up rate of 300+ attendees in total from around the region. A highlight is that the 2 under-represented stakeholders in the past have observed significant...

read more