KPay Merchant Service’s Post

I was honored to be invited to speak at Goldman Sachs Asia Financial Technology Conference on the "Development of New Payment Models to Power Growth". Thank you Jason Leung for the invite, our moderator Kelly Galanis with leading the discussion, and my fellow panelists Tessa W. (Xendit) Diptendu Mitra (Mastercard) Neil NI (XTransfer) for sharing your perspective on this topic. This event allowed for intimate conversations and idea exchanges amongst regional fintech entrepreneurs, financiers, and enthusiasts. We, at KPay Merchant Service, look forward to continuing to be a thought leader in our sector, and a product leader by providing a simple, seamless, smart, and secure experience for our merchants through our all-in-one integrated financial and operational management platform. I missed a few of the sessions, but of the ones I was able to attend, my main takeaways were: (1) AI's impact: this was a common question asked by all panel moderators. Responses across all panelists focused on using AI to find operational efficiencies and customized customer service. In addition to these areas, at KPay, we have started mapping out how AI tools can further enhance our KYB and risk underwriting and transaction monitoring, which will have direct top-line impact to our business. (2) Note to founders/operators: be nice to people. If you are looking to raise money or sell your business, the party who is looking to invest or acquire you needs to like you. Don't be arrogant, cocky, and have your ego checked at the door. (3) Crypto adoption on main street: we are not at that inflection point yet, whereby merchants are asking for this. (4) Open banking / bi-lateral API integration with licensed banks: surprisingly was not a big topic covered. For us at KPay Merchant Service, this structural trend in Asia is one of the things we are most excited about. Stay tuned for more to come in this area 😉 #KPay #KPayThought Davis Chan Daniel Cheung Martin Xie Richard Wong

[Map 2 🦄] The fintech unicorns from the Netherlands and the Nordic Countries! 🇳🇱🇩🇰🇸🇪 Last week, I introduced you to the 7 unicorns from Central, Southern, and Eastern Europe. This week, we’re heading north to discover 3 dynamic countries in the ecosystem: Netherlands, Denmark and Sweden. There are 11 fintech unicorns in this area: 🇳🇱 Mollie, in B2B payments. 🇳🇱 Backbase, in banking platforms. 🇳🇱 Mambu, also in banking platforms. 🇳🇱 bunq, a neobank. 🇩🇰 Pleo, in spend management. 🇩🇰 Lunar, a neobank. 🇸🇪 Trustly, in Open Banking. 🇸🇪 Zettle by PayPal, in Point of Sale (PoS) systems. 🇸🇪 Tink, in Open Banking. 🇸🇪 Klarna, in BNPL services. 🇸🇪 Itiviti (acquired by Broadridge), in trading technologies. If I missed any, feel free to let me know in the comments. See you next week for the German fintech map! 🇩🇪

Cashless payments and digital wallets are fast becoming the new norm in global payments. What are some of the challenges and opportunities brought about by this shift? Witness global leaders in conversation: • Johan Torgeby, President and Group CEO of SEB, Sweden's largest bank, offering insights from the world's first cashless society • David Chaum, widely recognised as the pioneer and inventor of digital cash, sharing his visionary perspective • Karen Pepper, from Amazon, contributing her perspective on digitalising commerce for merchants and consumers worldwide • Hosted by Alessandro Speciale, Bloomberg’s Swiss Bureau chief Explore the critical role of collaboration in our cashless transition. Gain insights on creating a seamless digital ecosystem, uniting wallets, banks, FinTech, investors, and regulators. Explore this and other Forum discussions: https://lnkd.in/gkQXCqP4

📖 Gatwick Dictionary: Neobanks Dear LinkedIn community, It is our pleasure to announce the launch of a new series of posts - the Gatwick Dictionary. In this section, we will delve deeper into the modern terminology that is closely linked to innovations and advancements in the FinTech and IT sectors. Follow us to stay updated on the latest trends with the Gatwick team! ❓ What is Neobank? In fact, a neobank is a bank that exists entirely digitally. They exist as "fintech shells" that complement banks with features that less advanced and flexible competitors do not have. It was this clumsiness that caused the appearance of non-banks. They are faster, they communicate more easily with the client, it is easier for them to change and optimize processes, since they do not need to maintain hundreds of physical branches and modernize the customer base. ❓ What are pros and cons of Neobanks? Neobanks offer their clients a lot of significant benefits, such us lower fees, high-interest rates on savings and accessibility, putting all of these in a personalized user-friendly application - you don't need to worry about your time and convenience, however, the other side consists of the absolute absence of confidence and trust from the clients side, that makes Neobanks less attractive for individuals and businesses with high volume funds traffic. ❓ Does this model has a future? Digital Banks improve themselves on a daily basis, adding useful features to attract new customers and meet their needs, it is obvious to declare that Neobanks will increase their popularity, taking into consideration that already now they've started implementation process to messengers, brokerage, crypto and other trading spheres. 👨💼 Gatwick AG is proud to declare that our team possesses extensive experience working with Neobanks both as partners and as clients. We stand ready to provide comprehensive assistance across all aspects of Neobank operations - from strategic partnerships to regulatory compliance. #GatwickAG #GatwickDictionary #Neobanks #DigitalBanks #Banking #FinTech #Banks #Consulting #BankAccounts #GlobalBusiness #Technology

Digital Payment Leader in Asian Market

It's that time of year again, when offices discuss 'how early is too early to play Christmas songs?' - and everyone pencils their thoughts for what they think might happen in the next 12 months. In the first of a short series of opinion-pieces, Tribe MD Alex Reddish shares his thoughts on the key challenges facing neobanks next year, and how they are shaping up against the age-old dominance of traditional banks https://bit.ly/3MLCtkD #Neobanks #Fintech #Payments #PayTech #PaymentsTechnology #Technology

FinTech Focus: Catch latest developments of the week - IBS Intelligence: Social media platforms can offer insights helping FinTech and digital payments companies analyse consumer behaviour and preferences,

FinTech Focus: Catch latest developments of the week - IBS Intelligence: Social media platforms can offer insights helping FinTech and digital payments companies analyse consumer behaviour and preferences. #finpeform #fintech

Who will win top of wallet? 🏆 The stickiness is 98% and might be one of the most valuable interfaces. It will be exciting to follow this as real-time payments, cross-border, and digital currency evolve alongside embedded finance trends.    Starting from July 25th, Apple will allow other mobile wallets to offer users 'tap to pay'. This comes after an agreement with the EU Commission, led by Margrethe Vestager. Which domestic wallet provider will be the first to launch? Will it be Vipps MobilePay, Blink Payment, TWINT or Lydia to name a few. How to build the future banking experience? Revolut, Monzo Bank, and N26 are among those that have successfully disrupted the traditional setup. For a trip down memory lane, check out the TechCrunch interview from 2017. The gents have come a long way. Most recently, N26 launched its investment product, and Monzo introduced new fraud controls as mobile theft is increasing. Zing, HSBC Group's latest international payments app, partnered with Visa to launch a multi-currency wallet. Will Zing be the next big player in cross-border payments? CNBC and Statista announced the world’s top 250 fintech companies in 2024. Big congrats to ClearBank, Mambu, Pleo, Navan, Lunar, bunq, Klarna, GoCardless, and many more! (Links in comments) #fintechnews #mobilepayments #mobilewallet #payments #digitalpayments #crossboarderpayments #realtimepayments #technology #innovation #fintech #neobanks #AI #fraud

We're back to provide you with another #longstoryshort Weekly News Roundup. Here is your weekly dose of banking and fintech news 📰 & some insight from Unlimit BaaS' Managing Director,🥃Jovi O.! 1. Unlimit partners with UnionPay International [source: The Paypers] Our partnership with UnionPay International is another addition to our numerous collaborations to drive business expansion into new global markets. Businesses are turning to Unlimit to leverage our payment infrastructure to process local currencies securely and efficiently. By removing payment borders and offering 1000+ payment methods globally, we’re helping businesses meet their customers’ needs. The Unlimit and UnionPay International partnership catalyses broader conversations around how we bring together the best of technology and finance to transform the industry. – Jovi 2. Mastercard launches generative AI tool as retail assistant [source: TechCrunch] The introduction of generative AI as a retail assistant by Mastercard speaks volumes about the transformative power of artificial intelligence. It highlights the growing importance of seamless, intelligent interactions in the retail space. As consumers navigate an increasingly digital marketplace, integrating AI into the retail environment is poised to redefine the way we shop, enhancing both convenience and personalisation. AI tools hold the promise of creating tailored and dynamic shopping experiences, ushering in an era where the boundaries between online and offline retail blur seamlessly. – Jovi 3. Barclays announces closure of more branches in the UK [source: Finextra] The closure of more physical bank branches reflects the evolving financial landscape and its impact on communities. With the growing use of online and mobile banking, the closure of physical branches is unsurprising. Banks are redirecting efforts to compete with financial providers, investing in cutting-edge technologies, cybersecurity, and greater delivery of responsive financial solutions. However, there are broader considerations about ensuring that financial resources are still accessible so that no community is isolated in the wake of digital transformation. – Jovi See you next Friday, for our next weekly roundup! 😀 #UnlimitBaaS #BaaS #BaaS #Whitelabel #Fintech #Banking #BankingServices #BankingSolution #BankingNews #WeeklyNews #WeeklyUpdate #FinancialNews