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October 2022

Showcase Your Innovation. Connect and Grow.


With the rapidly developing and vastly different innovations evolving across the Asia Pacific countries, it can be difficult for investors, consumers and regulators to stay abreast. 

 
How can investors gain an overview of the most successful or upcoming payment innovations? How can new solutions and approaches gain visibility, credibility, and reach beyond their local market? And how can regulators gain an early indication of potential changes needed, to adapt to new payment processes and methods?  

 
EPA Asia is aiming to facilitate this process via the launch of an APAC Payments Excellence Award programme. 

 
The award program is a new communication platform, acting as a conduit between inventors, investors and regulators, encouraging innovation and excellence in Payments. It will showcase finalists and winners in 14 Payments categories, all evaluated by an independent Judge Committee of 60 judges, representing different areas of the payments value chain in Asia Pacific.   

 
We are honoured to have Stephen Benton, Former CEO & Managing Director for EFTPOS, and Andrea Dunlop, MD of the Payments Group at The Access Group, as Co-Chairs of the Jude Committee.  

 
The entries will open in June 2023, and the Award Gala Night announcing the finalists and winners will be held in October 2023. 

 
 
For more information regarding the Awards Program, see the awards website https://apacpaymentsawards.com/ or contact the awards team via awards@emergingpaymentsasia.org 

   

Other Events

  31

  Oct

INzone By Ingenico Lab Crawl Event

In Person

  31

  Oct-

  4 

  Nov

Hong Kong Fintech Week

Fintech

  Nov

  2022

Regulation Asia Awards for Excellence 2022

In Person

  2-

  4

  Nov


Singapore Fintech Festival

In Person

  9&

  10

  Nov


PaymentsNZ 2022 Conference 

Seamless

  23&

  24

  Nov


Australia Symposium 

Symposium

  5&

  6

  Dec


World Fintech Show Saudi Arabia 2022 

Fintech 

  7&

  8

  Dec

Next Gen ATM’s and Payments: Innovate, Advocate and Inspire 

In Person

  

  14

  Dec

AusPayNet Summit 2022

In Person


FSB UPDATE

FSB Payments Summit 24 October 2022 


Cross-Border Payments are redundant. Let's talk about Payments Cross-Border. 

On 24 October 2022, the Financial Stability Board (FSB) hosted the Payments Summit, a closed-door discussion between 35 participants in the industry where EPAA was one. The Summit marked the start of the next stage of work under the G20 Roadmap for Enhancing Cross-Border Payments. 

Some of the discussed themes included: 

 

1. Payment System Interoperability and Extension 

The challenge to be addressed is not one of improving technology. The challenge is to remove obstacles that are created by inconsistent regulations or data frameworks. Interlinkages should be seen as a single payment system, not divided into domestic and cross-border payments.  The starting point should be thinking about payments as global rather than it merely being an exercise in knitting together domestic systems. 

 

2. Legal, Regulatory and Supervisory Frameworks 

Among the frictions mentioned was data localisation, capital controls, legal arrangements and the challenges of achieving efficient cross-border liquidity management. There is a need to (at least) divide payments into retail and wholesale payments to enable more nuanced thinking and solutions. 

The inconsistency of implementation of AML and CFT is the biggest speed bump on the way to fast payments and also one of the areas that drive up cost. 

Could the central banks take a more active role? Do they have the knowledge and insight they need to advise their jurisdiction?  

  

3. Cross-Border Data Exchange and Message Standards 

There is optimism around what ISO20022 and Blockchain technology can enable. It was noted that there are many existing initiatives underway beyond more cutting-edge initiatives such as CBDCs.  Projects such as Nexus are there to link up existing real-time systems and avoid the “spaghetti junction” of multiple bilateral connections. 

  

Making these improvements a reality will require collaboration, commitment and investment from both the public and private sectors.  However, there appears to be significant interest in achieving this goal. 


Camilla Bullock 

CEO 

EPAA is attending the SFF 2022!! 


The 7th edition of the Singapore FinTech Festival (SFF) is happening on 2 – 4 November 2022 at Singapore EXPO. As the first in-person SFF since 2019, the SFF team is excited to welcome the global FinTech community back for a long overdue reunion. 

EPAA is excited to announce that we will be attending the Singapore Fintech Festival next month - and we want to meet you! If you would like to chat to us and learn more about EPAA, please contact Sally Sternecker to book a catch-up. sally.sternecker@emergingpaymentsasia.org 
 
Each year, SFF brings together the global FinTech community to engage, connect, and collaborate on issues relating to the development of financial services, public policy, and technology. As the world’s largest FinTech festival, last year’s edition brought together over 60,000 participants from 160 countries. 
 
This year’s event theme will focus on “Building Resilient Business Models amid Volatility and Change”. Within this theme, several payment-related topics will be covered, including; achieving universal financial inclusion within interoperable, instant payment systems; and buy now, pay later. The event also welcomes payment-expert speakers from organisations such as EPA Asia, Mastercard, Wise, 2C2P, circle, and others. 
 
Register now to be part of 2022’s largest FinTech reunion: https://bit.ly/3cbZ9vs 


Past Events

Press "Read More" to check our past event recordings, articles and related materials. 

  26

  Apr

8th IIF - EPA Global Payments Forum

Forum 

  27

  Apr

The Future of Account to Account Payments 

Round Table - In Person

  27

  Apr

The Future of Merchant Acquiring

Round Table - In Person

  May

  2022

Roundtable with the Financial Stability Board: Cross Border KPIs 

Round Table

  2

  June

The Real Value of ISO20022: Knowledge That Is Missing In The Industry 

Round Table

  14

  June

Cyber Security Mobile Application Payments Risk

Round Table

  12

  July

Let’s Talk CBDC Hot Topic Briefing 

Hot Topic Briefing

  19

  July

Creating a Holistic System for Open Data

Workshop

 

Opening Proceedings

Workshop

 

Two Case Studies: UK and Brazil

Workshop

 

From Open Banking to Open Data: The Evolving Landscape

Workshop

 

What is the experience in Europe?

Workshop

 

Plan For Forever Whilst Building Now

Workshop

 

How to Create an Ecosystem for Consumers

Workshop

 

A Practical Discussion

Workshop

  16

  Aug

9th IIF - EPA Global Payments Forum

Forum 

  18

  Aug

Green Shoots: Cross-Border Payments: Future of Global Connectivity 

In Person

  4

  Oct

Hot Topic Briefing- Explore the Evolution of Corporate Digital Payments

HTB

PROJECT REGULATIONS 

SPONSORED BY CORLYTICS 

 

Working Group Members: Read more 


For more information regarding EPAA Project Regulations 

To join the EPAA Project Regulations Working Group projects@emergingpaymentsasia.org 

PROJECT CROSS-BORDER PAYMENTS 

SPONSORED BY PAYPAL 

 

GLOBAL PAYMENTS FORUM 
  • The Global Payments Forum 9th meeting took place on 16th August 2022. It will focused on interoperability and platforms. Briefing Note 
  • The 8th meeting of the Global Payments Forum was held on 26 April 2022 . The focus of that meeting was AML/CFT, and we heard from Ashish Kumar of the Financial Action Task Force Secretariat and invited lead discussants, ahead of a plenary discussion. Briefing Note
  • The 7th Global Payments Forum was held on 1 March 2022. The theme was: Faster Cross-Border Payments - Where do we need the speed? Is RTGS 24/7 the answer? Briefing Note

APAC FINTECH PAYMENTS FORUM 
  • The 2nd Forum was held on 22 Feb 2022 and focused on “The Different Dimensions of Access to Licensing & Regulation, Banking, Infrastructure(Payment Rails &Real Time Payments), and Customers (Data & Channels to Market)”. Summary Report Here 

  • The  first APAC Fintech Payments Forum was held on 4 August 2021. Nigel Lee moderated a robust opening session, followed by breakout rooms where a number of relevant topics were discussed. Summary report here.

FSB SUBMISSION 

Working Group Members: Read more

For more information regarding EPAA Project Cross Border Payments 

To join the EPAA Project Cross Border Payments danelle.denny@emergingpaymentsasia.org 


PROJECT MEET HER - SHE KNOWS PAYMENTS 

  • On 27 September Rama Sridhar, Vice President, Strategic Customer Solutions Mastercard  set the scene (in person)  on “What is the impact of digital inclusion on the wider economy from a payments perspective?”   
  • On the 18 October we saw Denise Johansson Co-Founder and co-CEO at Enfuce on “Embedded Finance – Rapid expansion and merge of customer experience flows."     
  • Follow on Instagram
  • Spotify 
  • Apple Podcast

 

For more information regarding EPAA Project Meet Her please email camilla.bullock@emergingpaymentsasia.org 

To join the EPAA Project Meet Her - She Knows Payments

New- PROJECT OPEN DATA 

 

  • The report from the first Open Data Workshop is here. Final EPAA Open Data Workshop Report February 2022 
  • EPAA hosted the second Open Data Workshop in collaboration with Asia-Pacific Financial Forum and ASEAN Bankers Association on 19 July. This workshop, brought together the full value chain related to Open Data and payments in APAC to discuss how to progress Open Data in the region to benefit all stakeholders and to strengthen the industry. 

  • Creating a Holistic System for Open Data Video Here 
  • Opening Proceedings Video Here 
  • Two Case Studies: UK and Brazil Video Here 
  • From Open Banking to Open Data: The Evolving Landscape Video Here 
  • What is the Experience in Europe? Video Here 
  • Plan For Forever Whilst Building Now Video Here 
  • How to Create an Ecosystem for Consumers Video Here 
  • A Practical Discussion Video Here 

  • Deliverables for this working group are aimed at APEC 2022. 
  • A new EPAA Open Data Working Group has been formed. To join the group please email danelle.denny@emergingpaymentsasia.org 
We have launched the new Open Data project for 2022.  This project has an ambitious target to influence the Finance and Economic ministers of APEC, in Thailand, November 2022. 

  

The key to success on this project will be: 

  • Industry collaboration with global fintechs, via the APAC Fintech Payments Forum. 

  • Industry partnership with APEC, ABAC, and ASEAN Bankers Association. 

  • Industry workshop at ABAC #1, (the first in person workshop for ABAC & EPA in 2 years) 

  • Hot Topic Briefing  

  • Monthly Working Group to discuss and plan 

  • APEC workshop in Thailand in Q4 2022. 

The time commitment required is monthly meetings during 2022. 

  

The benefits of this a project: 

  • Helping to move forward a better environment and solution for open data in APAC. 

  • Getting access to regional regulators. 

  • Collaboration with industry peers and fintech firms. 

  • Part-taking in the industry events and building profile 


Working Group Members: Read More


For more information regarding EPAA Project Open Data 

To join the EPAA Project Open Data  projects@emergingpaymentsasia.org 

To learn what is involved when sponsoring this project please email camilla.bullock@emergingpaymentsaisa.org 

 

PROJECT DIGITAL IDENTITY 

SPONSORED BY CITI & FICO 

 


Working Group Members: Read more


For more information regarding EPAA Project Digital Identity 

To join the EPAA Project Project Digital Identity  danelle.denny@emergingpaymentsasia.org    

   

Members

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What's On The Horizon...

   
General Payments:
Blockchain and Payments:
BNPL
CBDC/Cryptocurrency/Stablecoin:
Cross Border Payments:
Cybersecurity: