Date: 29 July, 2014, 2.00pm – 5.00pm
Venue: APEC Secretariat, 35 Heng Mui Keng Terrace, Singapore 119616
Both electronic payments (e-payments) and mobile payments (m-payments) are growing rapidly across many parts of the Asia Pacific and beginning to transform business prospects, extend financial access, and empower small and medium business trade. Even before the emergence of new technologies such as virtual currencies, e- and m-payments have the potential – and threat – to be powerful disruptors to existing regulatory structures.
Online payments for e-commerce activities reached more than USD 30 billion globally in 2013, growing by 20 percent globally, and over 25 percent in the Asia Pacific per year over the past four years.
This Roundtable on Payments and e-Commerce addressed the future of the payment industry, as well as the way towards regulatory harmonisation across the Asia Pacific region; bringing together a diverse group of interested stakeholders, including senior government officials, leading academics, relevant industry representative bodies, and private sector payments and e-commerce representatives.
Read more at: Payments Roundtable held at the Asia Pacific Economic Cooperation Secretariat
To download the event summary, please click here: Summary Report
To download the background briefing paper, please click here: Background Briefing Paper – Asia Pacific Payments and e-Commerce: Cross-Border Trade and Data Flows
– Participation in the Roundtable was strictly by invitation only, if you wish to receive invites to future closed door roundtables, please drop us an email at email@example.com/old_archive –
|1:45pm-2:00pm||Registration and Welcome Coffee|
Dr. Alan Bollard, Executive Director, APEC Secretariat
Rohan Mahadevan, Vice-President, PayPal Asia
|2:15pm-3:30pm||Session 1 – The Future of Payments and e-Commerce
Moderated by Dr. Peter Lovelock, Director, TRPC
The payment industry is rapidly changing, driven by technological change, social priorities and changing models of business. On one hand, the emergence of crypto currencies suggests a radical departure from payments and commerce as we currently know it. At the same time, desire to bring the next billion people onto commerce platforms is driving innovative ways of reaching thus-far excluded populations and penetrating remote regions. Finally, social media and other new business platforms are increasingly coming up with creative ways of facilitating payments – such as social media credits or near field communications.
Antony Lewis, Business Development Director, itBit, and President, The Association of Crypto-Currency Enterprises and Start-ups (ACCESS), Singapore
Gerry vanHolsteyn, Director Business Development Asia, Boku, Inc.
Marcelo Wesseler, CEO, eCommerce, Singpost
Aditya Gupta, Vice President & Head, E-business OCBC Bank
|4:00pm-5:15pm||Session 2 – Regulatory harmonisation around Payments and e-Commerce
Moderated by Sassoon Grigorian, Director of Public Policy, Asia-Pacific at eBay Inc.
To date, payments regulations and structures are both national in nature and widely divergent across the region. In an age of e-commerce and regional, and global, integration, such divergence has been shown to be inhibiting trade commerce. Third party payments providers often find themselves being classified in entirely different licensing structures in different jurisdictions. And, one of the most affected groups are SMEs across the region looking at payment options to engage in cross-border trade.
Betty Wilkinson, Director, Public Management, Finance, and Trade, Central and West Asia Department at Asian Development Bank
Maria Lourdes A. Yaptinchay, Director, E-Commerce Office at Department of Trade and Industry, Philippines and, Chair, APEC Electronic Commerce Steering Group (ECSG).
Dr. Chang Kian Chuan, Managing Director from Customs Affairs, Asia Pacific, FedEx