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Asian banks tear down brick-and-mortar expansion model

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 Insights

08-Oct-18 Singapore's largest bank DBS is attempting to disrupt the traditional business model of physical branches in Indonesia with a branchless smartphone platform, 'digibank'. After DBS rolled out digibank in India in 2016, it captured over 2 mn customers. [image: Nikkei Asian Review]

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Vietnam’s first car-hailing app FastGo heads overseas

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 Insights

02-Oct-18 Vietnamese ride-hailing app FastGo, positioning itself as a rival to Singapore-based Grab, plans to launch its service in Indonesia and Myanmar in Dec-18 as it hopes to become one of the top companies in the field in Southeast Asia. [image: Nikkei Asian Review]

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GGM invited to speak on payments at the CPI Middle East & Africa Symposium in Dubai

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 Events

GGM's head of Financial & Business Services, Tom MacDonald, has been invited to speak about payment market trends in the Middle East at the Commercial Payments International Middle East & Africa Symposium in Dubai on 6-Nov-18. Tom will use GGM's proprietary payments market data to compare the Middle East with other world regions, and identify opportunities and threats throughout the payment ecosystem. [Image: Commercial Payments International]

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Singapore rolls out unified QR code payments

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 Insights

17-Sep-18 Singapore has launched Singapore Quick Response Code (SGQR), which it claims to be the world's first unified payments QR code. It will be adopted by 27 payment schemes including PayNow, Nets, GrabPay, Liquid Pay and Singtel Dash. [image: Finextra]

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