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More from Fintech Meetup Using CBDCs & Stablecoins to Revolutionize Global Payments Infracstructure. Interesting topics are being brought up. Hey - Fintech Meetup is there a prohibition on the moderators accepting questions from the audience?

⚙️ We’re gearing up for this year’s Singapore FinTech Festival ⚙️ Join our very own Nayan Raut and Igor Simonov who will be there to discuss our latest solutions and insights From the current challenges in the payments landscape, to the latest innovations in technology , they’re ready to dive into all things #payments 💬 Message Nayan or Igor to get a meeting scheduled #SingaporeFintechFestival #Fintechs #DigitalPayments

Thailand's $143 Billion Digital Wallet Stimulus is set to launch in May 2024. Read our latest newsletter here for more: https://bit.ly/4b6XCjI Stay ahead of the curve with Thailand's latest fintech developments. Subscribe here: https://lnkd.in/gM7DmdHG #newsletter #fintech #Thailand #digitalwallet #payment

The Asia-Pacific region's (APAC) payment landscape is rapidly evolving through the adoption of AI, digital currencies and alternative payment methods, according to a new report by Forrester. The use of Buy Now, Pay Later schemes and mobile wallets is becoming more prevalent. Facial recognition technology is also increasingly being used for biometric payment methods. Digital currencies pegged to traditional assets like the US dollar are gaining traction given many lack access to traditional banking in the region. Regulatory frameworks must develop at speed to keep up with the popularity of digital financial apps. Learn more about this growing trend in Fintech News Singapore: https://lnkd.in/eaewJEuq #DigitalWallets #Stablecoins

The Future of Cross-Border Payments: A Blend of Opportunity and Challenge In the fast-paced world of global finance, de-globalization seems counterintuitive, especially when juxtaposed with the burgeoning realm of cross-border payments. According to a recent feature in J.P. Morgan and Wired Consulting's "Payments Unbound," international transfers are forecasted to grow by five percent annually through 2027. This uptick is notably fueled by the financial inclusion of previously unbanked populations and the diversification of trade corridors due to shifting supply chains. Yet, while domestic payments are swiftly transitioning towards real-time processing, the international landscape remains a complex tapestry of diverse regulations, systems, and technological maturity across 195 countries. This fragmentation is not merely a hurdle but a significant opportunity—streamlining cross-border payments can catalyze global trade and enhance economic prosperity. Advancements in technology, from sophisticated real-time payment rails to pioneering blockchain applications, are pivotal in this transformation. Understanding the existing frameworks is crucial. For instance, if banks maintain direct international relationships, transfers are straightforward. However, in the absence of such relationships, payments navigate through multiple intermediaries, historically prolonging transaction times. This scenario is evolving. Enhanced communications and broader networks are expediting these processes. According to Thierry Chilosi of Swift, "84 percent of payments now involve direct transfers or a single intermediary," with the majority reaching their final destination within hours. Looking ahead, integrating real-time payment (RTP) systems across borders presents a lucrative but challenging frontier. While some regions, like Singapore, have begun linking their RTP systems with neighboring countries, global synchronization remains complex and bound by regulatory, technical, and diplomatic intricacies. The journey towards seamless, instantaneous global payments is ongoing and demands innovative solutions, likely leveraging blockchain for its potential to facilitate universal settlement mechanisms. As specialists in mergers and acquisitions within the payments and banking sectors at 733Park, we recognize the transformative potential of reducing friction in cross-border transactions. Embracing and investing in these technologies promises to enhance operational efficiencies and redefine the economic landscape globally. #CrossBorderPayments #GlobalFinance #Fintech #Blockchain #PaymentInnovation #733Park  

〽️💱🚀 As the fintech landscape continuously morphs and waves of innovation flood in relentlessly, a new formidable player has emerged: The Digital Yuan Wallet. 🔍 Spanning from the heart of the East, this contemporary platform illustrates China's undeniably stellar progress in gearing towards an astoundingly digital economy. 🟢 Deserving of applause, the Wallet not only embodies the quintessence of seamless transactions, it also: • Breaks down boundaries with its easy access • Integrates exceptionally user-friendly interface • Pioneers in ultra-fast peer-to-peer transfers 🔮 It's silly, if not naive, to dismiss this innovation as just another payment app. We're looking at something that symbolises more than just financial transactions. 📈 Given its advanced capabilities, coupled along with the significant backing of the Chinese government's regulations, it wouldn't be surprising if we're seeing the beginnings of a new global digital payment standard here. Imagine - a wallet that transcends borders and simplifies international transactions whist retaining utmost security. 🕯️ Democratisation of access to finances and putting power back into the hands of the people - that's the future we envisage, right? Inspiring it is, then, to see this bold stride from China calling attention to a future brimming with limitless potential. ➡️ Wanted to know more about this rising star? You can dive in-depth in this article here: [Digital Yuan Wallet: A Rising Digital Payment Contender](https://lnkd.in/ei2_i6WQ) 📣Let's keep our eyes peeled on the ball. As we sigh at the close of an era typified by physical transactions, let's also welcome the evolution of digital payments on this beautiful canvas of techno-innovation! #Fintech #DigitalPayment #FutureOfFinance #Innovation #YuanWallet

🚀 Exciting news from the fintech world! The digital USDC wallet @vibrantwallet has reported a remarkable 282% growth, showcasing the influence of high inflation in certain regions. 📈 This surge in growth hints at the potential for fintech solutions to address economic challenges in high-inflation countries, providing stability and security for users. 🔮 Looking ahead, we can anticipate more innovative solutions emerging from fintech companies to tackle financial volatility and offer reliable alternatives for individuals and businesses globally. 🌍 As the fintech sector continues to evolve, the impact of digital wallets like Vibrant in addressing economic issues is truly transformative. Stay tuned for more advancements shaping the future of finance! #Fintech #DigitalWallets #FinancialInnovation #PaymentSolutions #HighInflation #EmergingMarkets For further insights or inquiries, feel free to reach out at +17625005002 or connect with our chatbot on Telegram: t.me/Finsolgroupbot.

Fintech Futures - What Hong Kong Will Look Like in 2030! Who can predict the future of fintech in 2030? 🤔 Will it be AI-driven finance? Decentralized lending? Fully digital banking? The possibilities are endless. We are pleased to announce that Florian M Spiegl, Founder and CEO of EVIDENT, will be speaking at the Hong Kong FinTech Week 2024 as part of the distinguished panel on “Fintech Futures: What Hong Kong Will Look Like in 2030.” Join us for an engaging and insightful discussion that will feature industry leaders Florian M Spiegl, Founder and CEO , EVIDENT, Elsa Pau, Founder and CEO , BlueOnion, and Caroline York , Director of Marketing, Serotonin, and will be moderated by Jame DiBiasio, Founder, DigFin Group. A contest among three visionaries from the FinTech Association of Hong Kong to see who's got the most likely idea about fintech in 2030 - as chosen by the audience! The panel will explore key trends and developments in fintech, including the potential impact of AI-driven finance, decentralized lending, and the rise of fully digital banking. 🗓️ Date: October 29, 2024 🕒 Time: 12:25 PM - 12:55 PM 📍 Location: Arena Hall, Hong Kong Connects Forum We invite you to join us and help shape the future of finance. Don’t miss the opportunity to hear Florian’s insights on the future of our industry. 👉 Secure your pass now: https://lnkd.in/gu3rw_4Y Financial Services and the Treasury Bureau (FSTB) | Invest Hong Kong | FintechHK | Finoverse | FinTech Association of Hong Kong #EVIDENT #fintech #hongkong #HKFinTechWeek #innovation #technology #AI #blockchain #digitalassets #WealthTech

The Singapore FinTech Festival last year demonstrated just how much momentum there is in Digital Assets globally. My colleagues Larissa De Lima, James Gordon, Karanvir S. and I share our insights from the festival in our recent joint report with Elevandi. In short, the path forward relies on embracing the multiplicity of Digital Asset-enabled solutions (inc. forms of digital money) while pushing for convergence in the regulation and infrastructure choices needed to power them. #DigitalAssets #Tokenization Oliver Wyman Asia Pacific Rafat Kapadia

In Singapore's card-matured economy, e-wallets are set to do the improbable and overtake credit cards in online transactions for the very first time. Download the full Singapore Fintech Report 2023 to know more: https://bit.ly/3NhIkyj DBS Bank OCBC UOB Apple Google Grab ShopBack ShopeePay YouTrip Crypto.com #fintech #ewallet #payments #Singapore