News from the Wire

EPA launches mission to connect UK, APAC fintechs

Friday, October 23, 2020 — 05:45:47 (EDT)

London, UK – 23rd October 2020: The Emerging Payments Association (EPA), which promotes collaboration and innovation across payments, launches its inaugural virtual fintech trade mission to Asia, connecting key industry players from across the payments value chain, including regulators, banks, fintechs and other service providers.

Taking place from 23rd October – 3rd November, the virtual fintech trade mission provides an important gateway into the lucrative Asian payments market, whilst promoting the UK and London as a global hub for FinTech and PayTech expertise.

Across the 10 days of the summit, the EPA will provide networking opportunities for all delegates, as well as host keynote presentations, panel discussions and in-depth fintech clinics on topics including the rise of virtual banking and challenger bank adoption, Open Banking, navigating regulation, and digital identity. Through one of the EPA’s six stakeholder groups, Project International Trade, and in collaboration with EPA Asia, the EPA is aiming to encourage the growth and development of its 130 member-strong global community.

Tony Craddock, Director General of the Emerging Payments Association, commented: “As payments evolve and develop on a global scale, we want to help our members build and expand their businesses through new markets and verticals. The APAC region provides a pivotal prospect for this and we are thrilled to provide such an innovative virtual opportunity for some of the leading businesses across UK payments and fintech.”

Asia is the largest market for digital payments, has high levels of investment, greater relaxation of regulation, and a young demographic with an increased appetite for emerging and mobile technologies. The APAC region itself accounts for almost three-quarters of global payment transactions, and with higher revenues associated with electronic transactions compared to cash, this represents a huge opportunity for the EPA’s membership base.

Shaun Puckrin, Chief Product Officer of Global Processing Services (GPS), added: “The EPA Virtual Fintech Trade Mission to Asia provides a fantastic opportunity for companies looking to be at the forefront of fintech and payments in the region. The event allows them to keep a finger on the pulse of important developments and changes in consumer behaviour and payments technology post-COVID, as well as help identify emerging opportunities moving into 2021.”

To deliver the event, the virtual fintech trade mission is backed by U.K. based sponsors Global Processing Services (GPS) and Trust Payments, as well as 10 in-region partners across Singapore, Sydney and Hong Kong, including: British Chamber of Commerce Singapore, Vistra, EPA Asia, Fintech Association of HK, InvestHK, KPMG, Grant Thornton, PaymentsNZ, and the Australian Payments Network.

The EPA virtual fintech trade mission to Asia brochure can be viewed here: www.emergingpayments.org/portfolio/project-international-trade/ or for more information, contact the EPA at: info@emergingpayments.org

About the EPA

The Emerging Payments Association (EPA), established in 2008, sets out to make payments work for everyone. To achieve this, it runs a comprehensive programme of activities for members with guidance from an independent Advisory Board of 15 payments CEOs. These activities include a programme of digital and (when possible) face-to-face events including an online annual conference and broadcast awards dinner, numerous briefings and webinars, CEO Round Tables, and networking and training activities. The EPA also runs six stakeholder working groups. More than 100 volunteers collaborate on the important challenges facing our industry today, such as financial inclusion, recovering from Covid-19, financial crime, regulation, access to banking and promoting the UK globally. The EPA also produces research papers and reports to shed light on the big issues of the day and works closely with industry stakeholders such as the Bank of England, the FCA, HM Treasury, the Payment Systems Regulator, Pay.UK, UK Finance and Innovate Finance.

The EPA has over 130 members that employ over 300,000 staff and process more than £7tn annually. Its members come from across the payments value chain including payments schemes, banks and issuers, merchant acquirers, PSPs, retailers, TPPs and more. These companies have come together to join our community, collaborate, and speak with a unified voice.

The EPA collaborates with its licensees at EPA EU and EPA Asia to create an interconnected global network of people passionate about making payments work for all.

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Source: Company press release.