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
The European GDPR framework, first approved in 2016, came into effect last month on May 25, 2018. In theory, the “new” rules only apply to data collected from European individuals. However, due to the borderless nature of the Internet, many businesses and residents of Asia are also affected.read more
Roar! Leaping into Spring with the exciting 078 Kobe Festival, which took place in 27 - 29 March; an event connecting people, trade and culture with different activities centered around music, film, food, fashion, kids, and anime. I was exhausted from jumping around...read more
This trip to Kobe was like a mixture of of all things good. We held a model ICANN meeting and discussed many Internet issues, met with local and international students and played games together, and had fun with locals during the last two days of 078 Kobe Fest.read more
According to a recent report by MINTEL, London-based market research firm,Asia is slowly being looked upon a promising region for the global coffee market over the past 2 years.read more