Day two of Money20/20 Asia 2024 on the Queen Sirikit Nationwide Conference Centre in Bangkok served up an array of charming discussions and insights.
In our second roundup from the worldwide occasion, Richie Santosdiaz brings you his highlights from Thailand.
Funds focus
Over on the Imaginative and prescient stage, we loved the ‘International Cost Traits: Asia’s QR Revolution, Europe’s Open Banking Wave, America’s Card Domnance – Who Will Triumph?’ panel.
This dialogue between Zubin Rada Krishnan, Group CEO from BigPay, Andreas Kurniawan, chief digital and analytics officer from Financial institution Danamon Indonesia and Phil Pomford, SVP and basic supervisor, international enterprise e-commerce – Asia Pacific from Worldpay, and moderated by Rachel Morissey, head of content material, USA Money20/20 delved into sizzling matters together with open banking in Europe, the QR Revolution in Asia in addition to the US’s card dominance.
Managing small companies
In one other keynote session – ‘Empowering Small Companies: A Imaginative and prescient Past Wall Avenue’, we heard from the founder and chairman of Micro Join, Hong Kong’s newest unicorn backed by Li Ka-shing and Adrian Cheng. The session explored modern approaches for micro and small companies globally, defying conventional monetary fashions.
Insights into Micro Join’s Southeast Asia growth showcased its dedication to international empowerment. “Investments ought to by no means be about fairness. By no means be about credit score, a minimum of for this a part of the universe. They must be each day revenues,” stated Charles Li, founder and chairman, Micro Join.
Asian developments
We delved right into a keynote panel referred to as ‘Redefining the Filipino Monetary Frontier: Pioneers Reworking Cash’s Future within the Philippines’, which explored the exceptional rise of GCash within the Philippines. Speaker Ernest Cu, president & CEO of Globe was then joined by Pebbles Sy, chief know-how and operations officer of GCash and Douglas Feagin, president of Ant Worldwide, as they shared insights into profiting from know-how, partnerships and digitalisation to unlock fintech opportunties.
A keynote Fireplace chat hosted by Danny Levy from Money20/20 with Kattiya Indaravijaya from Kasikornbank engaged us by exploring the area’s future monetary panorama. Indaravijaya commented: “Cross-border collaboration between KBank and DBS Financial institution in Thailand and Singapore
has elevated digital transactions by 40 per cent inside 5 years. This pattern addresses challenges associated to buyer wants. One other pattern in Thailand is the rise in combating fraudulent actions geared toward defending buyer cash and accounts.”
Elsewhere at Money20/20
I had the possibility to strive The Cash Run, a enjoyable exercise within the Cash Arcade. It’s a VR 4-player sport that consisted of strolling round a maze to get essentially the most cash in 90 seconds (I received and selected a T-shirt as my reward)!
Introduced at Money20/20 Asia
- PLDT (Philippines Lengthy Distance Telphone Firm)-backed Maya Financial institution has partnered with Tala, the world’s first fintech firm for the International Majority, to channel P2.75billion ($48million) price of loans to extra Filipinos with entry to credit score.
- KBank groups up with J.P. Morgan to launch Challenge Carina, an initiative utilising Q-money (Thai Baht e-Cash on blockchain) and JPM Coin. Q-money operates by Kasikornbank on Quarix, a blockchain operated by Orbix Know-how and Innovation Co., Ltd., an organization underneath Kasikornbank monetary conglomerate, whereas JPM Coin is a product the place USD deposit accounts are recorded on a personal, permissioned blockchain ledger.
Time for networking
All through the Money20/20 occasions, attendees sometimes encounter quite a few networking alternatives. Nonetheless, a standout spotlight of day two was the Cash Below Moonlight occasion—a night reception held at Bangkok Marriott Marquis Queen’s Park. Attendees skilled a fascinating celebration of Asia’s various cultures amid a mesmerising show of lanterns and candles.
