E-payment use in M'sia has surged to 291 transactions per capita, targeting 400 by 2026"What Malaysia has is the benefit of having a real-time payment system that is second to none." Farhan Ahmad
The SS2023, a one-day event, aims to stimulate meaningful dialogue on the pivotal issues and necessary changes needed for the prosperity of the Malaysian economy. A key aspect of this symposium's discussion centred on digitalisation in payments. The robust growth of digital payments in Malaysia can be attributed to successful partnerships between the government and the private sector. Alan Ni
As an example, Alan shared a story of how scammers in China now using face changing technology to pull off scams using video conferencing. Farhan agreed and said, "the biggest threat for us is not the things we're working with… today will sound like child's play in just a year or two years’ time." He also said that fintechs should look beyond the consumer space, and get familiar with the pain points in the business-to-business space."The B2B market is maybe five times bigger than the consumer market," he highlighted."Really learn it, study it, get deep into it, and then solve that problem."Fintech and bank partnerships, in particular, hold the key to delivering innovative solutions and services.
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Source: DNewsAsia - 🏆 23. / 51 Read more »