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!
This.Is.Asia Newsletter Issues
Supported by DotAsia, Co-organised by non-profit organisation 3SPACE, Golden Scene Company Limited and ELEMENTS, the 2nd Hong Kong Kids International Film Festival (KIFF) officially kicked off on July 28th with the opening ceremony being held at ELEMENTS Mall,...read more
Bangladesh has been one of Asia’s most stunning and unexpected success economies in recent years. With a social progressive policy in place, Bangladesh has transformed from one of the poorest countries in Asia to an aspiring economy. Of the many factors accounting for this transformation, the online space has played a vital roleread more
To most Ambassadors, this summer was a busy but definitely a fruitful one. In the past few months, the ambassadors were deployed to participate in various internet governance activities in Asia. It was exciting that we physically reached out to 109 young people from different youth IGF happened in HK, TW, South Korea, and Vanuatu.read more
go.asia; Hong Kong Church Network for the Poor; The Samaritan Befrienders Hong Kong; MaD Asia; JCI City Lady Hong Kong;read more