Bankers’ Challenge: Compete or Collaborate?

Bankers’ Challenge: Compete or Collaborate?

The fast changing SE Asia payments landscape reviewed

 

How can banks respond to new digital commerce ecosystems?

The consumer payment ecosystem is undergoing enormous and rapid change in the markets of South East Asia. The result is the displacement of cash by digital payments, and an opportunity for the unbanked to participate in a digital economy.

Paul Brisk will provide a view on what is happening in terms of the digitisation of payments in many markets across Asia: what are the drivers, why the market dynamics and demographics have created the ideal environment for this change now, and who are the key players leading the transformation, using Malaysia and Indonesia specific examples.

Arguably, we are not just witnessing the digitisation of payments but seeing the emergence of new digital commerce eco-systems. To date, the enablers of these digital commerce eco-systems have tended to be “tech-giants” and “fintech” organisations rather than banks.

Is there a risk for banks as the providers of traditional payment solutions and account services? The dilemma for banks is how to respond to the change – compete, or collaborate with the enablers of the new digital ecosystems? A possible way forward is Open Banking, providing an opportunity for banks and non-banks to cooperate for win-win scenarios.

 

Paul Brisk, Director at PT. Pembayaran Digital Indonesia, will share insights from his consulting experience in consumer and retail payments.

Don’t miss this track session during GPS day two!
  

  

  • GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Join @CurrencyResearc and our expert panelists in 1 hour for a look at the current state of the #payments industry… https://t.co/6m0kdALgFT 3 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Speaker Spotlight - CR Global Payment Summit Webinar Series on 6th May 2020, 14.00-15.00 CEST Register to hear him… https://t.co/uVpK6z2Etj 3 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Speaker Spotlight - CR Global Payment Summit Webinar Series on 6th May 2020, 14.00-15.00 CEST Register to hear her… https://t.co/rWwvsMTZGT 3 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Speaker Spotlight - CR Global Payment Summit Webinar Series on 6th May 2020, 14.00-15.00 CEST Register to hear her… https://t.co/l8abY4gfEr 4 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Speaker Spotlight - CR Global Payment Summit Webinar Series on 6th May 2020, 14.00-15.00 CEST Register to hear him… https://t.co/fiG0awrFjk 4 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Speaker Spotlight - CR Global Payment Summit Webinar Series on 6th May 2020, 14.00-15.00 CEST Register to hear her… https://t.co/RPnhskCGEf 4 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit What is the current state of the #payments industry's adoption of #PSD2 and #RTS introduced by the EC? Join… https://t.co/oCOPtYwpkj 4 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit #europepaysummit are proud to unveil our Draft Programme, including a fantastic line-up from central banks and regu… https://t.co/uVjJdlnE72 16 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit It was our honour to partner with Scholars of Sustenance (SOS) at #asiapaysummit in Bali. Any unused food was rescu… https://t.co/XLg4GFqf8b 1 month ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @WomeninPayments: #WomeninPayments CEO @duncankristy is speaking tomorrow at the #Asia @GlobalPaySummit in Bali on how Digital Financial… 1 month ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @HPS_worldwide: Our first day at Asia Global Payment Summit 🇮🇩was a real success with a lot of interactions! Didn't have time to meet o… 1 month ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Congrats to the winners of our mobile app game challenge during The Africa Global Payment Summit! @nataliemat7 and… https://t.co/215Zaz23OM 1 month ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @PPRO_Payments: #meetppro @GlobalPaySummit Asia in Bali next week at the Sofitel Bali Nusa Dua Beach Resort! Visit the panel about Alter… 1 month ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit At Asia GPS, this session will explore the use of #alternativepayments with a particular focus on #eCommerce market… https://t.co/7l1AdfiA4K 1 month ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @MastercardAP: Watch this space next week for more on these #payments solutions! https://t.co/1sWizNQl4b 1 month ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit @ThePaypers Always a pleasure working with you! 1 month ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @ThePaypers: The Paypers would like to extend a heartfelt word of appreciation to all our collaborators, from thought leaders to media p… 1 month ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Next week in Bali: Sandeep Malhotra @MastercardAP will share insights from the world’s only live network-level… https://t.co/bgKf8HHfir 1 month ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @FintechINA: With 2 weeks left, Asia @GlobalPaySummit outlined the main reasons why you should join in Bali on 10-11 October. Register n… 1 month ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @PPRO_Payments: #meetppro @GlobalPaySummit Asia in Bali from October 10th - 11th at the Sofitel Bali Nusa Dua Beach Resort! Send us a DM… 1 month ago
  • Also interesting
    Asia Global Payment Summit Receives Certification of Appreciation from Scholars of Sustenance
    Written on 23 October '19 by
    READ MORE
    Alternative Payments in eCommerce Markets
    Written on 3 October '19 by
    READ MORE
    War of the Wallets
    Written on 3 October '19 by
    READ MORE
  • Speakers 2019