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
KeepClicking.Asia March 2010 Issue
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How I See It – Conversation with Edmon Chung and NetMission Ambassador, Ananya Singh: Environmental Sustainability & Internet Governance
"Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs." Sustainable development has been a focus of international public policy since the Earth Summit in 1992. It...
How I See It – Conversation with Edmon Chung and NetMission Ambassador, Farhan Shahmi: IoT Technologies – Impacts & Implications during COVID-19
Many of us have heard of the Internet of Things (IoT), they refer to everyday objects, such as our phones or doorbells, that become “smart” as a result of their Internet connection.
Asian Pacific American Heritage Month – A Conversation with Raymond King
May is Asian Pacific American Heritage Month in the U.S. and Asian Heritage Month in Canada. Whether you are Asian American or Asian Canadian, May is a time to celebrate and take joy in Asian culture and community.
This May, we are dedicating our post to our channel partner Porkbun.com, founded by Asian American tech entrepreneur Raymond King.
Crushing it!! Working from Home with Kids
The past couple weeks have been challenging working from home with my new co-workers (age: 8 and 8). They are noisy, demanding, and at times, completely irrational! If you are self-quarantined with your kids like our family, you’ll know exactly what I mean.