Top 5 Growth Opportunities in the APAC Telecoms and Payments Industry for 2021

Presented by

Mei Lee Quah, Associate Director, ICT, Frost & Sullivan

About this talk

The telecoms and payments industry has transformed and will become more interoperable, supported by smarter and faster payments infrastructure. Scaling payment system capabilities is a strategic imperative as cash usage declines in the region. The availability of 5G will expedite the pace of digital transformation of industry verticals. However, there is still work to understand end-user needs, partner fit and the go-to-market (GTM) plan for implementing 5G within enterprises. Several factors are driving the industry transformation, including: •Asia-Pacific Mega Trends are accelerating digital transformation. •Gaming will drive 5G growth. •Business-to-business (B2B) automated clearing house (ACH) payments are on the rise. •Digital billing and payments platforms will become prevalent. •Adoption of digital channels will complement existing in-store remittance services.

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