FinTech Magazine June 2019 | Page 37

“ FINTECH IS MUCH MORE OF A REALITY ON THE GROUND HERE IN ASIA THAN IT IS IN OTHER MARKETS ”

37 collaborate . “ Here in Asia , you have companies like Alibaba , Grab and Go-Jek disrupting millions of dollars of business of the traditional banks . There ’ s been a blurring of finance and technology that is really unique to the market here , with super apps like WeChat or Alipay where you ’ re not just doing finances and payments , but also wealth management , booking taxis , paying your phone bill … a number of different things .”
In Asia , notes Kapron , collaboration with fintechs is more prominent than other markets . “ The original idea of fintechs disrupting the
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