APAC the Driving Force in Fintech and Payment Innovation. Fintech Is “Hot” in Asia

Join the forces of change!

APAC the driving force in FinTech and Payment Innovation. FinTech is “hot” in Asia. Investments reached to over US$ 4,5 billion in 2015, just for in Asia; far larger than the investments in Europe. FinTech innovators looking for ‘scale’ tend to focus on the larger markets such as India and China. It is “crossing borders” that will be key for payment innovators. Understanding the country speciﬁcs, the needs of customers and be sure to partners locally with the right entities to be successful.

The importance of GlobalPaymentSummit (GPS) innovative agenda in APAC GPS is being organized in Singapore. Together with Hong Kong, APAC holds the two of the top four ﬁnancial centers of the world. Next to that, both Hong Kong and Singapore are leading in adopting FinTech services, recently. HKMA and MAS are actively involved in stimulating innovation and creating room to pilot amongst others by offering regulatory sandboxes.

The unbanked/underbanked: Of the 1.2 billion people who don’t have a formal bank account (unbanked / underbanked) over 50 % live in Asia. So a great opportunity to develop cost-effective solutions for ﬁnancial services, both bank and non-bank! The large penetration of smartphones and the growing drive to secure (faster) internet for everyone will enable FinTech to anticipate even faster.

Remittances: Goals have been set to reduce the cost for remittances to max 3 %. The largest portion of Remittances is coming from Asian nations. Key will not only be to reduce the overall costs but also secure that payments can remain cashless and secure in the entire value chain.

Payment Processing / straight-through processing: Faster Payment Technologies will enable a state-of-the-art high-end process for domestic and cross-border transactions. With faster payment technologies, ﬁnancial institutions can leverage on the digital road, increasing the remittance ﬂow and trading activities in APAC.

e-Commerce: No doubt that China has the largest e-commerce eco-system in the world. China’s FinTech companies like Alipay, Tencent, WeChat and others create total new reality in payments and ﬁnance. A reality check for banks and services providers who are ‘traditionally’ positioned.

Security of Virtual Payments With transactions going massive digitally, protecting cyberspace security and personals data safety is key. Technologies such as biometrics will be needed but their wide applications may take time and big investments.

Join us today and be in Singapore on 12-13 October 2016 ! No doubt APAC is a region to look at and to deep-dive into the key drivers of change. GlobalPaymentSummit offers a program to exchange the best practices and key lessons learned amongst senior strategists and practitioners. We are not a ‘vendor show’ but dedicated to bring insights and share best expertise. Our content is non-commercial and we have a track record of over 15 year bringing the best program possible. Have a look at our program and join GPS !

Harry Smorenberg Founder & Chairman, Global Payment Summit www.globalpaymentsummit.com / [email protected] DAY 1 - 12 October 2016

08.00 Registration & Coffee

09.00 Welcome and introduction by Chairman - Harry Smorenberg

09.05 Keynote Panel: Keeping Up Pace of Change - Innovating Remittances - The importance of a multi-channel strategy and its role in transforming remittances - The transition to digital - development of self-service channels

Michael Minassian | Senior Regional Director | Australia, Indonesia & Oceania| MoneyGram International

09.30 Keynote Plenary Opening Panel: Payments - Forging Ahead, Building Communities

- Emerging technologies and innovation in payments - Evolving models of engagement between regulators, banks, Fintech companies and players in the payments ecosystem - Future of payments? Distributed ledger, real time payments, regulatory sandboxing and other aspects\

10.15 Networking Break

10.45 Keynote Plenary Opening: API-based banking: shaping a new ﬁnancial cafetaria landscape

- How banks can beneﬁt | How the FSI embraces the opportunity - New forms in transparency “Neue Kombinationen” - European head-start shared (Ref EBA Paper)

Gijs Boudewijn | Chair Payment Systems Committee | The European Banking Federation (EBF) Eugene Green | COO | BAASIS

11.15 Keynote Plenary Brieﬁng & Debate: New Regulatory Challenges in Transaction Space - New role of technology (RegTech : RegulatoryTechnology) - Latest European / US accomplishments and compare to ASIA initiatives

Janos Barberis | FinTech HK Founder & Senior Research Fellow HK University Law School Naphongthawat Phothikit | Division Exec |Payment Systems Policy Department | Bank of Thailand

Farida Peranginangin | Director | Payment Systems Policy of Bank of Indonesia Gijs Boudewijn | Chair Payment Systems Committee | The European Banking Federation (EBF)

12.00 Lunch - Kween Zeen Restaurant

Cinnamon Room Ginger Room Nutmeg Room

13.15 A1 B1 C1 E-Commerce - Smart Payments Transforming Mobile Payments in Country Focus: South Korea - e-Commerce’s developments SEA Using Transportation - Mobile and Smart Pay - Global changing payment patterns - Targeting seamless payments development trends in Korea - Impact of mobile wallets across SEA markets - KaKao Pay and LG CNS M-Pay - Beyond the transport biz - Expectations for future Karl Noronha | GM Singapore & Malaysia | aCommerce Joel Yarbrough | Head of KyongSun Kong Payments & Commerce Product | Analyst | Celent | Seoul Chris Tarr | Samsung Pay Grab UnHo Jeong Business Development Senior | LG CNS DAY 1 - 12 October 2016

14.00 Networking Break

Cinnamon Room Ginger Room Nutmeg Room

14.30 A2 B2 C2 bKash Bangladesh: Leapfrogging Remittance: Challenging the Country Focus: Malaysia to Mobile Payments traditional banking system -Evaluating large scale - Achieving WB’s remittance fee Malaysia Payment Landscape implementation target - Big Push into Electronic Payments -Transforming as service provider for - Breakthroughs in innovations - A Billion Debit Transactions by merchant payments, airtime top up 2020 -Live Case Presentation Carlo Corazza | Senior Payment Systems Expert | World Bank Vipin Agrawal Senior Managing Moinuddin Mohd Rahgir | CFO Director, Head of Retail Assets. bKash | Bangladesh Juanita Woodward | Principal, Cards and Deposits at CIMB Connecting the Dots Singapore Country Director and Board Member | WorldRemit

Jack Liu | Chief Strategy Ofﬁcer | OKLink

15.15 Networking Break

15.45 A3 B3 C3 Analytics in Payments Data Payments Dilemma: Maximizing Country Focus: Philippines revenue vs minimizing fraud - The 3 Vs of Big Data in Payments - BSP & National Retail Payments - Volume: What drives the increase - Optimizing payments in lieu of System in data managing fraud - Challenges of payments - Variety: Diversiﬁcation of payment - Harness big data and machine interoperability channels learning for security - Promoting open competition - Velocity: Improving processing - Future of using big data and - Challenges of Rural banking & speed with secure transactions machine learning payments

Rashid Kadir | AVP Client Tanya Hotchkiss Solutions | SP eCommerce Executive Vice President Cantilan Bank Rivai Adidharma | SVP of International Business Development | MOL Global

16.30 Keynote: Blockchain - The Big Promise? - The conversation shift from bitcoins to ledgers - The real impact on payments - Cases and global initiatives, discussed

17.15 Florin Awards Asia - Presentation

17.30 Cocktail Party DAY 2 - 13 October 2016 08.00 Welcome Coffee

09.00 Welcome and wrap up Day 1

09.15 Keynote: Financial Inclusion as Catalyst for Simplifying the Payments Business - Simplifying the payment system - How can financially excluded benefit from digital transformation - Key ingredients for financial inclusion (Access | Usage | Quality)

10.00 Keynote: Identity - the ultimate ‘ transaction’ - Key developments in national identity registry - Realising efﬁciencies with e-identity - Insights sharing on Estonia

Jamie Steiner | President for Global Financial Services | Guardtime Edmund Lowell | Founder & CEO at KYC-CHAIN LIMITED

10.45 Networking Break

Cinnamon Room Ginger Room Nutmeg Room

11.15 A4 B4 C4 Accelerating Financial Inclusion Country Focus: Thailand SWIFT Payments - Looking to the from cloud banking and shared Future service platforms to last mile - Development in Thailand’s delivery Payment Systems Landscap - Current trends in payments & - Common payment platform for - National e-Payment Master Plan : Fintech Credit Unions in ACCU (Asian Benefits & Challenges - SWIFT preparing for the future Confederation of Credit Unions) - Fintech engagement & innovation - Core banking solution Naphongthawat Phothikit | at SWIFT - Shared technology at low cost Division Exec | Payment Systems -Specific cases of SWIFT - Cloud based and multi channel Policy Department | Bank of Payments Innovation access Thailand Michael Moon | Head of Kalin Radev | CEO | Software Payments | Asia Pacific | SWIFT Group Rahul Bhargava | Director, Tim Dawson | APJ Azure ISV Payments Markets Initiatives, Sales Director | Microsoft Asia Pacific | SWIFT

Andrew Reeves | Head of Temenos Software Services

12.00 Lunch - Kween Zeen Restaurant

13.15 Keynote by Sopnendu Mohanty | Chief Fintech Ofﬁcer | Monetary Authority of Singapore DAY 2 - 13 October 2016 13.45 Payments and Fintech in China & India (expert panel) - Payments landscape developments / emerging players/ disrupters - The shift in payments experience - RMB impact / payments beyond China

GLOBAL Payment Summit Fintech Selections - 20 min presentations

14.30 Quona Capital - Fintech for inclusive Finance Ganesh Rengaswamy | Co-founder and Partner | Quona Capital

Cinnamon Room Ginger Room

14.50 Simility Identitii - Intelligent Fraud Analytics - Secure transactions via Blockchain

Swastik Bihani | VP of Product Management and Antonio DeLorenzo | Vice President of Partnerships Head of India Operations for identitii

15.10 CoinPip KYC-Chain - Remittance solution via blockchain - KYC via blockchain & smart contracts technology

Anson Zeall | Co-founder/CEO of CoinPip Edmund Lowell | Founder & CEO

15.30 End of Program & Coffee Oct 12th

Chairman’s Welcome 09:00 09:05

Harry Smorenberg Harry is a financial services marketing and positioning strategist. He CEO of Smorenberg previously worked at Banque Paribas and ABN AMRO and was a director Corporate Consultancy at two leading strategic consultants.

He is a leading contributor to innovation in both the retail and corporate payments and transaction space. He has also been actively involved in developing solutions in financial planning, international pensions and 'social innovations'. His strength is in catalyzing institutions into developing vision and strategies, and in identifying and implementing client-centric solutions. He is a columnist and guest speaker, sits on several advisory boards and regularly publishes in leading international media.

Other functions: • Member of the International Advisory Board of the Europe - China Institute, Nyenrode University • Adjunct Professor at Joint Innovation Center for Social Management of Urban and Rural Communities in Hubei Province - Zhongnan University in Wuhan, China • Member of the Board of Advisors of NIBUD (National Institute for Family Finance Information) • Chairman Editorial Advisory Board of Banking & Finance Europe • Founder & Chairman of the International EPCA Payment Summit (www.epcapaymentsummit.com) • Founder & Chairman of the GlobalPaymentSummit - Singapore (www.globalpaymentsummit.com) • Founder & CEO of Transactives BV • Founder & Chairman of the WorldPensionSummit (www.worldpensionsummit.com) • Co-founder of China Pension Forum - national platform (Renmin University - Beijing) • Founder and Chairman of New Normal in Working and Social Innovation (www.nieuwenormwerken.nl) • CFO of the foundation "Stichting Drie Dolfijnen" (charity fund)

Read Fintech Bubble About to Burst by Harry Smorenberg http://goo.gl/of43EO Oct 12th

Chairman’s Welcome 09:05 09:30

Michael Minassian Keeping Up Pace of Change - Innovating Senior Regional Director Remittances Australia, Indonesia & Oceania | MoneyGram International Michael Minassian is a business development professional with over 15 years’ experience in sales and product management with experience large at organisations such as Western Union, and Travelex in the Australia and Oceania region. He has accumulated an exceptional working knowledge of the banking and financial services industry with a deep understanding of the key drivers on cross-border remittances and payments. Michael Joined MoneyGram in April 2014 and is responsible for the leading the Australia, Indonesia and Oceania region. Oct 12th

Keynote Plenary 09:30 10:15

Eddie Haddad Payments - Forging Ahead, Building

| Managing Director | Communities Asia Pacific | SWIFT

The pace at which the world of payments is evolving today is reflective of a plethora of complex and disruptive market forces at play. Hear varied perspectives on the future of payments from a distinguished panel of speakers representing Regulators, VISA, SWIFT and McKinsey. Potential Bernard Wee themes in review could include emerging technologies and innovation in payments, distributed ledger, real time payments, regulatory sandboxing Executive Director, Financial Markets and changing models of engagement between regulators, banks, payment Development service providers, Fintech companies and other players in the payments Department | Monetary ecosystem. Authority of Singapore Join in this exciting panel discussion and engaging debate on:

• Emerging technologies and innovation in payments • Evolving models of engagement between regulators, banks, Fintech companies and other players in the payments ecosystem Soneel Raj • Future of payments? Distributed ledger, real time payments, regulatory sandboxing and other aspects Senior Advisor of McKinsey&Company

Cietan Kitney

Head of Strategy for Visa in AP Oct 12th

Keynote Plenary 10:45 11:15

Gijs Boudewijn Open APIs : Shaping a New Financial Cafeteria

Chairman of the Landscape Payment Systems Committee of the European Banking “Innovation in payments, or open banking – from compliance to strategic Federation, Brussels choice” and Deputy General Manager at the Dutch In payments there are four key drivers for innovation: technological Payments Association, Amsterdam developments, customer behavior, market demand and the regulatory context. Not all have the same amount of impact at any given point in time, and they of course mutually impact each other. The nature of the payments business has fundamentally changed in recent years. Even only a decade ago, payments practitioners were described as “the guys in the basement Eugene Green doing the plumbing”. Not very sexy, but someone had to do the job …

COO | BAASIS Today, however, payments are hot. Globally the amount of venture capital being poured into payments related startups and innovators is the highest of all ﬁnancial service related investment in innovation. Bigtech and Fintech alike are looking for opportunities and a large number of non-bank players have entered the market, all looking to improve customer experience and add value to the offerings of the incumbents, using the experiences from their own industries to disrupt the ﬁnancial industry.

In the European Union, of the four drivers of innovation the regulatory context probably has the biggest impact. The Payment Services Directive (PSD), which had to be transposed in national legislation by November 2009 provided the legal foundation for a single EU market for retail payments. It also seeks to improve competition by opening up payment markets to new entrants, thus fostering greater efﬁciency, innovation and cost-reduction. A new, lighter regulatory regime was introduced for Payment Institutions. On January 2016 the revised Payment Services Directive or PSD2 entered into force. It aims to improve the level playing ﬁeld for payment service providers (including regulation of new players) and must be incorporated into national law by January 13, 2018.

What will prove to be a game changer is the introduction of two new types of ﬁnancial services that can be provided by another service provider than the account servicing payment service provider – traditionally those are the banks. These new services are Payment Initiation Services (PIS) and Account Information Services (AIS). PIS and AIS providers will need a “light touch” license as payment institution. Crucial concept in PSD2 is the right of the consumer to grant access to his or her payment account to PIS and AIS providers, and that consumers may provide the personal security credentials they received from the Account Servicing PSP to the third party that is providing the PIS or AIS. That is the new concept of third party access to the payment account – or XS2A.

… continue next page. Oct 12th

Keynote Plenary 10:45 11:15

With the new directive in place, open banking is no longer an option, but -to a certain extent- mandatory. The “what” question has been dealt with: banks must open up to foster competition and innovation. Disintermediation looms and a “do nothing but comply” scenario will most likely lead to banks being disintermediated and pushed back in the value chain. So, the incumbents now must contemplate how to stay relevant for their customer base and ﬁnd a strategy. The challenge is to not just comply with the strict regulatory requirements but go beyond what is required. Because it is not all bad news: the new regulatory environment also offers hope: how can banks leverage this opportunity to beef up their legacy systems and renew infrastructure? How can they best cooperate with Fintechs? How can they reinvent themselves? Or, to quote the CEO of one large retail bank: “”We have to disrupt ourselves before we are disrupted!”.

So, does open banking offer a real innovation opportunity? Probably it does. The “what” question has been answered, but the “how” question is still largely remains open. How can we make the new XS2A concept work in practice in a secure way? The European legislator has left this to the European Banking Authority (EBA). The EBA has been mandated to draft Regulatory Technical Standards (RTS) on several technical and security aspects of PSD2. The draft RTS are expected to be published for consultation by the end of August, and must be presented to the European Commission by January 2017. It is to be expected however, that the RTS will not be very detailed and will only contain functional requirements. It will be left to the market to ﬁll the gap between the RTS and the account access. And that is where API’s come into play – XS2API.

At GPS I will highlight key European developments. A detailed brieﬁng on relevant developments and expected next step. I will secure sufﬁcient room for questions and discussion, blending in the Asia developments, differences and joint outlook at a very dynamic transaction space!

Looking forward to meeting you in Singapore,

Gijs Oct 12th

Keynote Plenary 11:15 12:00

Janos Barberis New Regulatory Challenges in the Transaction Founder of FinTech HK Space

Since 2007, financial fines have increased 45-fold, incurring additional compliance costs of multiple billions of dollars. For certain Banks, AML & KYC costs can be as high as US$500'000. RegTech appears to offer a virtuous solution for regulators, banks and start-ups alike. However as the industry develop itself it will witnessed two faces. First RegTech 1.0 Naphongthawat will digitized previous regulatory and compliance process (e.g. E-KYC), Phothikit Secondly, RegTech 2.0 will re-imagine regulation and its framework in a digital word. Division Executive, Payment Systems Policy Department of Join Janos in the panel debate on RegTech and Challenges in the Bank of Thailand Transaction Space with

• Naphongthawat Phothikit | Division Exec |Payment Systems Policy Department | Bank of Thailand • Farida Peranginangin | Director | Payment Systems Policy of Bank of Indonesia Gijs Boudewijn • Gijs Boudewijn | Chair Payment Systems Committee | The European Banking Federation (EBF) Chairman of the Payment Systems Committee of the European Banking Federation, Brussels and Deputy General Manager at the Dutch Payments Association, Amsterdam Oct 12th

TRACK A1 13:15 14:00

Chris Tarr E-Commerce: High Growth & Smart Payments

Regional Director, Samsung Pay, E-commerce is a about straight-through processing of the entire Samsung Electronics 'transaction'. Payment is an integral part of that but should ﬁt seamlessly (Southeast Asia & in the value-chain. Customer experience is key and the most effective Oceania) and efﬁcient operation is conditional! Learn more on next-step developments in e-Commerce and Payments and share the expertise with Karl and Chris at GPS 2016.

Chris has been with Samsung for over nine years, and currently heads Karl Noronha Samsung Pay for Southeast Asia & Oceania. In this role, he oversees regional expansion and the product roadmap. Prior to this, Chris founded General Manager for the regional content & services team based out of Singapore, and then Singapore and Malaysia aCommerce led the regional Entertainment business unit, where he developed and launched a new premium TV video service for Southeast Asia. Before coming to Singapore, Chris spent over four years in Samsung’s headquarters in South Korea, working in the Global Strategy Group advising senior executives across Samsung Group companies, and the Media Solution Center leading global business development for Samsung’s first global messaging service, which became Samsung ChatON. Prior to Samsung, Chris worked with high tech start-ups and leading innovative corporations in the US. During these years, he established and led the software team for MIT Startup, SensAble Technologies, where he was the architect for the company’s core software products and pioneered key innovations in the fields of robotics and 3D visualisation with two patents in robotics field of haptics. Chris holds an MBA from leading graduate business school, INSEAD and is an alumnus of the Massachusetts Institute of Technology (MIT) where he holds a Bachelor degree in Software Development.

Karl Noronha is the General Manager for Singapore and Malaysia aCommerce, a full service end-to-end e-commerce solutions provider in Southeast Asia. An ecommerce and brand building specialist with 10+ years of experience from Amazon, Procter & Gamble, and Deloitte Consulting, Karl will lead the company's regional expansion plans in 2016. Originally from Australia, Karl has spent the past decade building, expanding and advising businesses across Asia. He particularly enjoys helping brands enter new markets, innovate for their consumers, and scale through channel and partner programs. Karl holds an MBA from Duke University and is based in Singapore. Oct 12th

TRACK B1 13:15 14:00

Joel Yarbrough Transforming Mobile Payments in SEA Using Group Product Manager Transportation - Grab Grab Most in the region will know Grab as Southeast Asia’s ride-hailing leader. It has achieved rapid growth — now in 30 cities across 6 countries — and offers cashless payments with GrabPay.

To make ride-hailing more efﬁcient and seamless, GrabPay was developed to remove the friction and time spent transacting cash.

However, many in the region still depend on physical cash for daily living expenses; the World Bank estimating that only 27% of the population has a bank account. To speed mobile payments adoption, Grab is taking a hyperlocal approach to partner with local businesses to expand the use of mobile payments while making it easier to convert stored value into cash.

Joel Yarbrough is the Head of Payments & Commerce Product, Grab. Join him at GPS to learn more about:

• Grab’s insights on payment behaviors in the region • Using transport to drive cashless payments and ensure ﬁnancial inclusion • Plans for GrabPay across Southeast Asia

Joel Yarbrough is the Head of Payments & Commerce Product, Grab. In his role, he drives product strategy and oversees the end-to-end product experience for Grab’s passengers, drivers and partners. Through the Grab platform, he seeks to help drivers and partners build opportunities for themselves, while delivering safe and accessible transport to Southeast Asia. Joel brings over 20 years of solution and product management experience to Grab, having served in senior management roles in leading Internet, finance, and management consulting firms. Throughout his career, Joel has been passionate about connecting the dots to make product vision a reality. He relishes the challenge of taking apart complex technology systems and rebuilding them to address real problems. Prior to joining Grab, Joel spent over six years at PayPal overseeing product strategy and product delivery in APAC, as well as delivery of solutions for large online and omnichannel partners. Joel was also a founding board member of PayPal’s non-profit and charitable giving fund. Joel holds a Bachelor of Science in Economics from the Wharton School of the University of Pennsylvania, and currently lives in Singapore with his wife and two daughters. Oct 12th

TRACK C1 13.15 14.00

KyongSun Kong Country Focus: Analyst with Celent's South Korea Mobile Payment trends Asian Financial Services Group South Korea’s payments market faced a turning point in 2015 with the emergence of smart pay, a simplified form of mobile payments made using smartphones. Celent reviews the status of the South Korean smart pay market and forecasts future trends. At the moment, smart pay providers have their sights on specific demographics. However, each smart pay firm UnHo Jeong is also looking to expand its customer base. If smart pay providers have Senior Business not clearly articulated their purpose and carved out a market space, then Development they risk being swept away in the maelstrom. | LG CNS Join KyongSun as she elaborates on the South Korea market’s mobile payment trends and forecasts:

• Mobile payment market in South Korea • Current status of South Korea’s mobile payment market • Smart pay providers in South Korea • Case study (Kakao Pay which has a strong position in online payment area and Samsung Pay which has a strong position in ofﬂine payment/ contactless payment area) • Future trends of South Korea’s smart pay market.

KyongSun is an analyst with Celent's Asian Financial Services group and is based in the firm's Seoul office. Her areas of expertise include mobile payments and other innovative financial services and delivery channels, retail brokerage, and the Korean financial services industry. Previously, KyongSun worked as a translator, interpreter, and editor focused on financial services, including the banking, capital markets, and insurance industries. KyongSun received a Bachelor of Arts degree in British and American studies and intercultural studies from the Kyoto University of Foreign Studies. She is fluent in Japanese, English, and Korean. Oct 12th

TRACK C1 13.15 14.00

KyongSun Kong Country Focus: KakaoPay - reaching 10million users in Mobile Analyst with Celent's Asian Financial Payment (South Korea) Services Group

UnHo Jeong

Senior Business Development | LG CNS

KaKaoPay is the online payment solution launched as collaboration between DaumKakao and LG CNS. By combining Kakaotalk’s massive users reaching 40M and LG CNS’ patented mobile payment technology, Kakaopay has been ranked top in mobile convenient payment industry after its launching.

The base solution backing up the KakaoPay is MPay, LG CNS’s Mobile Payment Solution. MPay is the only solution that has been approved its highest security level by Korean Financial Supervisory Institute with patented Security & OTP technology. MPay's unique security system protects against security compromises such as a data leakage or a digital hack. KakaoTalk is the messaging app of choice of 97% of Korea's smartphone users. KakaoPay is now a standard feature of KakaoTalk by embedding MPay module to KakaoTalk. So, every KakaoTalk user can use KakaoPay without downloading additional apps. KakaoPay made complex online-to-ofﬂine payments easier and more convenient in Korea. Once the credit card number is registered, the payment can be completed just by typing the PIN code. With more than 8 million registrations since launching in September 2014, KakaoPay has become the Number 1 simple mobile payment service in Korea.

UnHo is a senior business development professional who developed all the Mobile Payment Solution and KakaoPay from the initial idea to the launch of KakaoPay. Biography

Developed MPay, LG CNS’s Mobile Payment Solution Developed Business with Kakao to launch KakaoPay 22 years of Experience in IT Service Expert in Payment, Fintech, Mobile, O2O Currently a Business Development Senior in LG CNS Oct 12th

TRACK A2 14.30 15.15

Moinuddin Rahgir bKash Bangladesh: Chief financial officer and the Company Leapfrogging to Mobile Payments Secretary at bKash Limited based in The story of bKash is intriguing. Moinuddin, CFO at bKash once Dhaka, Bangladesh shared how customers share mobile phones and replaces sim cards every time they would make a money transfer.

Against a backdrop of challenging statistics in the numbers of unbanked and low transfer amounts, bKash started in 2011 and has achieved commendable success. Starting as a send money platform, it is transforming itself to a service provider in remittances, airtime top up, merchant payments etc.

The number of merchants accepting bKash now exceeds 30,000 and monthly transaction volume has exceeded USD 7.5 million.

Moinuddin, CFO at bKash in Dhaka, Bangladesh shares his in depth insights of Bangladesh’s payments and bKash success at the GLOBAL Payment Summit 2016.

Moinuddin Rahgir (Moin) is the Chief financial officer and the Company Secretary at bKash Limited based in Dhaka, Bangladesh. Moin joined bKash in October 2012 after having spent more than fifteen years in different areas of Finance in British American Tobacco. Moin has been a part of the journey which has seen bKash grow from a base of 2 million registered customers to more than 22 million and growing. He has been instrumental in shaping the treasury and finance functions of bKash and has been a key member of the management team. He draws his passion and motivation from the impact bKash has made in the lives of the people of Bangladesh and the immense opportunities that lie ahead in attaining financial inclusion in Bangladesh Oct 12th

TRACK A2 14.30 15.15

Moinuddin Rahgir bKash Bangladesh: Chief financial officer and the Company Leapfrogging to Mobile Payments Secretary at bKash Limited based in Detailed Backgrounder: Dhaka, Bangladesh bKash is one of the leading Mobile Financial Services in the world. The primary vision of bKash is to being in greater financial inclusion amongst the unbanked in Bangladesh. bKash now has four shareholders which are as follows;

BRAC Bank Limited Money in Motion International Finance Corporation Bill and Melinda Gates Foundation

After receiving a license to operate from the regulator-Bangladesh Bank in 2010, the journey of bKash started in July 2011. Over the last five years of operations, bKash has achieved commendable success. The total registered customer now exceeds 24 million with an active ratio (one financial transaction in a month) of 35%. While bKash started off as a send money platform, it is gradually transforming itself to a service provider going beyond just send money. bKash has been consistently trying to expand the suite of services to the customer by introducing airtime topup, bulk disbursements, straight to wallet foreign remittance, collection services, merchant payments & many such more customer centric products.

In 2013, there were a little more than 75 organizations that were using mobile money for disbursements and there were 600 outlets where bKash was accepted as a payment medium. The total transaction in Dec 2013 was approximately USD 1 million. Since then there has been significant efforts by bKash to understand the customers to further penetrate into the merchant payment arena. One of the key implementation that was made was “small merchant” payments. Small Merchant is referred to the omnipresent “Mom & Pop” shops across Bangladesh. The retailing industry is fairly in the nascent stage in Bangladesh where the presence of organized outlets is very minimal and the average ticket size is small and hence in order to make a meaningful impact, digitizing payments in these outlets is key.

The resultant impact of the various initiatives by bKash on the payment front can be best described through numbers. In June 2016 the total number of organizations that used mobile money exceeded 700 and the number of merchants accepting bKash payments now exceeds 30000. The total transaction volume in June itself exceeded USD 7.5 million.

Whilst, there has been significant progress in the merchant payment arena there still remains a massive opportunity further expand digital payments which can come about through innovation and relevant value proposition both for the merchant and the customer. Oct 12th

TRACK B2 14.30 15.15

Carlo Corazza Remittance:

Senior Payment - Challenging the traditional banking system Systems Expert | - Reaching the World Bank Target of 3%? WorldBank

Carlo Corazza has been working as Senior Payment Systems Expert in the Financial Infrastructure and Inclusion Practice of the World Bank since January 2007. In his position he has undertaken Juanita Woodward several missions of assessment of the market for payments and remittances in both sending and receiving countries. He is actively Principal, Connecting involved in the coordination of the activities of the WB Global the Dots | Singapore Remittances Working Group and represents his unit during seminars Country Director and and conferences worldwide. Mr. Corazza duties include the Board Member, WorldRemit coordination and implementation of speciﬁc technical assistance (Singapore) Pte Ltd projects in the area of remittances and payment systems. Prior to joining the World Bank, Mr. Corazza has worked as Local Economic Development Expert for the United Nations Development Program in Guatemala and Serbia where he facilitated and Jack Liu coordinated programs of decentralized cooperation aimed at fostering the potentialities of the local economy through partnership Chief Strategy among Public and Private entities in industrialized and developing OK-Link countries. Before that he was attaché at the Italian Mission to the United Nations in New York, where he conducted research for the Economic Department and participated in the negotiations of the Italian delegation in many resolutions.

Juanita is the Principal at Connecting the Dots, a boutique consultancy firm providing market and product strategy, research, and project management services in the area of digital financial services and payments, migrant worker remittances, and financial inclusion for FinTech startup companies and established financial services companies. With over 25 years of global experience in the financial services and payments industry working across Asia Pacific, as well as the US, Europe, and South America, she now also serves as a Singapore Country Director for WorldRemit, a leading provider of international money transfers and airtime top-up through its mobile app and web service delivering transactions from over 50 countries to over 125 countries.

Jack is a serial entrepreneur founding businesses in Silicon Valley, Beijing, and Hong Kong. He has led OKCoin's international exchange since 2014 and co-created OKLink transfer network and the Bihang blockchain wallet. Jack has appeared on Bloomberg TV, Financial Times, New York Times, Coindesk and more. Jack began his career in Hong Kong at Barclays in Equity Derivatives and is a graduate of Queen's University. Oct 12th

TRACK C2 14.30 15.15

Vipin Agrawal Country Focus: Indonesia Senior Managing Director & Regional Head at CIMB Group A Billion Debit Transactions by 2020 - How will Malaysia ink this?

Malaysia's payment landscape is changing fast. Creating a new advanced infrastructure for debit transactions will swiftly change payment habits and reduce cash handling. In this track we will get detailed insight on program development and latest innovative next steps. An ideal brieﬁng together with in depth Q&A session to learn more about the landscape dynamics. Join Vipin on a special country track focus on Malaysia with takeaways on: - Malaysia's big push into electronic payments - Roadmap to a billion debt transactions by 2020

Oct 12th

TRACK A3 15.45 16.30

The 3 V’s of Big Data in Payments: Volume, Jay Patani Variety & Velocity Technical Evangelist at ITRS Group Client Satisfaction, Smarter & Efficient Services and New Revenue Channels ! Join a top briefing by Jay Patani and learn from best-practice cases globally! Jay will present his 3-V’s strategy for payments: Volume, Variety & Velocity. A dynamic session with ample time to discuss your key questions and share your experience with international industry peers. Do you have already key questions for this topic? Please send them directly to: [email protected] and we will make sure this will be part of the presentation / discussion at GPS 2016!

Volume • What is driving the increase in data in the payments industry • Disintermediation means vast volumes of transactions processed on centralised platforms. • The on-demand economy • More and more transactions being done online • Increasing ability to store transaction data (disk space costs have plummeted) • Increasing ability to process data (memory costs have plummeted) • Internet of Things

What is needed in big data infrastructure terms? Scalable storage eg. Hadoop and other technologies

Variety

• Diversification of Payment Channels: Mobile, RFID on connected • Devices, Contactless, Credit/Debit Cards, Cash… • Different kind of metadata… 360 view on customer: Transaction Data, Transaction GEO, Merchant Category, Web Click Stream, Unstructure Textual Data, Purchase channel, Social Media, Customer database, Customer complaints • What is needed in big data infrastructure terms? Easy integration of different types of data + ability to store and process unstructured, semi-structured and structured data.

Velocity:

• Improve customer service by increasing processing speed of transactions, identifying fraud and preventing chargebacks What is needed in big data infrastructure terms? A real time processing framework to provide actionable insights instantly. Oct 12th

TRACK B3 15.45 16.30

Payments Dilemma: Maximizing revenue vs minimizing fraud

Optimizing payments in lieu of managing fraud Harness big data and machine learning for security Future of using big data and machine learning

Justin Lie As a student, Justin was already an entrepreneur, setting up various e-commerce sites. It was when his sites were attacked by fraudsters that Justin devised his own system of rules on whether to accept or reject a transaction, which would later develop into the more sophisticated CashShield system today. Despite facing competition from major players that are mostly backed by credit card companies with unlimited war chests, Justin has navigated CashRun through countless challenges with zero funding. Eventually, CashShield was launched globally with huge success, making it the leading provider of optimized fraud management solutions.

Rivai Adidharma Senior Vice President of International Biz Development | MOL Global Rivai Adidharma is Senior Vice President of International Business Development at MOL Global, a leading alternate payment service provider in the emerging market. His 8 years business development role at MOL has provided him with experience in the ﬁeld of payment & monetization solution for digital media streaming & online games companies looking to monetize in the fast growing and challenging developing market.

Rashid Kadir AVP Client Solutions | SP eCommerce Rashid leads the Client Solutions and Success teams at SP eCommerce. He spearheads the development of sensible Commerce strategy for companies in APAC, and oversees the successful implementation of these strategies. Brands he manages include Calvin Klein and Adidas. Oct 12th

TRACK C3 15.45 16.30

Jay M. Dizon Country Focus: Philippines

Manager, Office of the Supervisory Policy Join this special country focus update and hear directly from Development at Bangkok Sentral ng Pilipinas with the new policy framework on Bangko Sentral ng retail payments. Pilipinas | Manila The National Retail Payment System is a policy and regulatory framework that envisions the establishment of a safe, efficient and reliable retail payment system in the Philippines. Such a retail Tanya Hotchkiss payment system presents the potential for improved efficiencies, greater opportunities for consumers and businesses, and Executive Vice increased access to financial services. Given that retail payment President of Cantilan Bank systems contribute to the stability and efficiency of the financial system as a whole, the attainment of the NRPS vision will help boost the economic growth and enhance the overall competitiveness of the Philippines. NRPS promotes interoperability among payment participants to achieve the stated vision. Interoperability is key to making a wide range of electronically-accessible payment products and services available anytime as practicable. Essentially, NRPS fuels innovations and entails collaborative business models since these elements are necessary to make interoperability possible. The framework also promotes market-based pricing and drives fair competition in order to gain support from payment system providers. To encourage greater interconnection among participants, NRPS requires fair stakeholder representation in governance. In addition, the framework requires availability of relevant information on retail payments to stakeholders, including the BSP, primarily for risk management purposes. Oct 12th

Keynote Plenary 16:30 17:15

Shirish WADIVKAR Blockchain - The Big Promise? Managing Director Head, Payables, Receivables & Flow FX Transaction Is there a real potential in the transaction space? Banking | Standard Chartered Bank Blockchain as an industry is still in its infancy. Actually there are many different kinds of blockchains or “distributed ledger technologies” (DLT), and they differ in important ways. Public blockchains (e.g. cryptocurrency systems like Bitcoin) operate with shared consensus model, where the John Riggins transactions are public. Just recently, “permissioned” systems have begun to emerge that add a layer of privacy based on permissions which provide Head of Operations, differing levels of visibility of the transactions. These permissioned based Asia Pacifc| BTC DLTs can be designed to solve different business problems. A challenging Media (Bitcoin development for financial services, government services, health and many Magazine) other applications. Our key questions at GPS are:

How appropriate is Blockchain for payments?

Is Blockchain the sole solution for “trust”? Should we reconsider the entire value chain of transactions? David LEE Kuo Chuen Blockchain in present practices… What did we learn so far?

Professor, Join our program and be part of the discussion and deep-learning Entrepreneur, Director and Advisor experience! Oct 13th

Keynote Plenary 09.15 10.00

Lotte Schou Zibell Financial Inclusion as Catalyst for Simplifying Technical Advisor the Payments Business (Finance)| Asian Development Bank Expert Panel chaired by Lotte Schou Zibell, ADB & Global Strategists from Philippines, Bangladesh, UK, Singapore

Eric Barbier This panel looks deep into

CEO & Founder of Financial Inclusion & Payments as mutual catalyst TransferTo How branch networks and agent banking may develop? Will Fintech magically deliver what is promised?

Tanya Hotchkiss Due to innovations in financial technology and changes in the enabling Executive Vice environment, the number of financially excluded adults across Asia President of Cantilan and the Pacific has dropped to about 1 billion. Bank Increased access to affordable financial services can be a lever for Asians to smoothen consumption, manage risk and improve their lives through better savings options, access to credit, and cheaper Moinuddin Rahgir payments or remittances. CFO bKash Bangladesh However, the majority of bank and non-bank institutions still rely on branch networks, which have limited the wider population from accessing financial services. Most activities have to be done over the counter in person, and processes are time-consuming. The most common barriers to financial inclusion are the high cost of providing or Antonio Separovic using services, the lack of nearby services, and lack of identification required for consumers to open bank accounts, for example, and for Co-Founder & CEO in providers to comply with ‘know your customer’ rules. Oradian ltd The future is in financial technology, or fintech. Oct 13th

Keynote Plenary 09.15 10.00

Lotte Schou Zibell Financial Inclusion as Catalyst for Simplifying Technical Advisor the Payments Business (Finance)| Asian Development Bank Innovations in information and communication technology and the emergence of new fintech players are accelerating financial inclusion much more rapidly than at any other time in history. Fintech partnerships and business models are delivering financial services that reach remote clients, as well as those at the base of the income pyramid.… (excerpt from ADB blog by Lotte Schou Zibell)

Lotte provides technical leadership on ﬁnancial sector issues, including developing and maintaining sector policies, strategies, operational plans and directional papers. She previously worked as Director for International Economic Policy at the Swedish Ministry of Finance, ﬁnancial supervision and regulation expert at the Swedish Financial Supervisory Authority and the Swedish Central Bank, and as a consultant to the International Monetary Fund.

She will also be leading a discussion on ﬁnancial inclusion at the GLOBAL Payment Summit 2016. Oct 13th

Keynote Plenary 10.00 10.45

Jamie Steiner Keynote: Identity - the ultimate ‘ transaction’ President for Global Financial Services | Key developments in national identity registry Guardtime Realising efﬁciencies with e-identity

Insights sharing on Estonia

Edmund Lowell Founder & CEO

KYC-CHAIN LIMITED Oct 13th

TRACK A4 11.15 12.00

Kalin Radev Accelerating Financial Inclusion from cloud

CEO | Software Group banking and shared service platforms to last mile delivery

Financial institutions have been cautious adopters of cloud based technology. However, this is rapidly changing with more than 60% of global banks processing the majority of their transactions in the cloud. By harnessing the power of the cloud Tim Dawson – low cost, scalability and security, as well as providing access via alternative delivery channels such a mobile and web, customers have the convenience to APJ Azure ISV Sales transact anyhow, anywhere and anytime. Industry surveys have shown a strong Director | correlation between an increasing digitalized customer base and financial Microsoft institutions with a cloud strategy. With electronic banking and digital payments on the rise, cloud based solutions will only continue to grow.

Shared Service models hosted in the cloud bring digital financial services within reach for smaller institutions, while at the same time, expanding accessibility and convenience for customers. No longer limited to basic features, such platforms enable clients to access a full range of services including mobile banking, ATM and Andrew Reeves POS solutions. Integration options further enhance the user experience by creating networks from existing branch infrastructure and connecting to payment partners Head of Temenos such as Bill aggregators, Telcos, and Government. When combined, the power to Software Services accelerate financial inclusion is undeniable.

Join Kalin, Tim and Andrew for a panel discussion on deploying cloud-based payment and banking solutions.

Oct 13th

TRACK B4 11.15 12.00

Naphongthawat Phothikit Country Focus: Thailand

Division Executive, Payment Systems National e-Payment Master Plan | PromptPay Policy Department of the Bank of Thailand Over 9.7 million individuals have registered for Promptpay, the nationwide money transfer platform, during the first 11 days of this month, according to Bank of Thailand.

Of total, 1.6 million registered for the electronic money-transfer service through their bank accounts and mobile phone numbers. The remaining 8.1 million opt for the service through their identification numbers.

It is the first step of the national e-payment scheme that aims for the eventual cashless society. (The Nation)

Naphongthawat Phothikit is a Division Executive, Payment Systems Policy Department of the Bank of Thailand, Thailand’s central bank. With more than 15 years’ experience in central banking, he is responsible for national payment systems policy formulation to ensure the efficiency and safety of Thailand’s payment systems, including development of infrastructure, promotion of electronic payment transactions and oversight of payment systems operators and payment service providers. Currently, his main responsibility involves with the National e- Payment Master Plan, Thailand’s comprehensive initiative to develop payment infrastructure and promote the use of electronic payments in Thailand.

For all professionals and businesses looking to expand payment services in Thailand, this is the track to tune in to. Naphongthawat will share his insights as a key implementation team for the e-Payment Master Plan.

Discussion & Takeaways: • Development in Thailand’s Payment Systems Landscape • National e-Payment Master Plan : Benefits & Challenges

Read >> Bangkok Post "Cashless society hits snag” http://www.bangkokpost.com/news/politics/1084072/cashless-society-hits-snag Oct 13th

TRACK C4 11.15 12.00

Michael Moon SWIFT Payments - looking to the future Head of Payments, Asia Pacific, SWIFT - Current trends in payments & Fintech - SWIFT preparing for the future - Fintech engagement & innovation at SWIFT - Speciﬁc cases of SWIFT Payments Innovation Rahul Bhargava

Director, Payments Markets Initiatives, Asia Pacific, SWIFT Oct 12th13th

TRACK Keynote A3Plenary 15.4513.15 16.3014.00

Payments and Fintech in China & India Zennon Kapron (expert panel) Managing Director | Kapronasia A decade ago, queuing for an hour at the bank was a normal experience for most of China’s retail consumers. Poor customer service and lack of competitive choices meant that very few customers would actually switch their ﬁnancial services provider on the basis of their customer experience. Today, that has changed completely. With online payment platforms like WeChat Pay and Alipay, digital Michael Moon payments are a reality for customers. Financial product distribution platforms like Lufax and CreditEase make it incredibly easy for customers to invest their money. Head of Payments, Asia Pacific, SWIFT This shift presents stark challenges for China’s traditional players who risk losing market share and revenue to this new swathe of ﬁntech upstarts and giants who have radically changed the way 1.5 billion customers bank.

During this panel session, we will look at some of the key changes and industry trends that are redeﬁning banking and ﬁnancial services in China both in their historical context and what we might expect for the future. Shubhrendu Khoche Key Points to be covered: VP, Senior Business • Evolution of Fintech in China Leader: Enterprise • The Role of Digital Payments in Disruption Partnerships at • Regulatory Frameworks and Approaches MasterCard • Future of Fintech in China

Shailesh Naik

Founder and CEO of MatchMove Pay Oct 13th

14.30 15.30

GPS Fintech Selections

Ganesh Rengaswamy

Partner

Quona Capital is an early growth-stage venture firm focused on fintech for inclusive finance in emerging markets. Quona believes that the dearth of appropriate products coupled with the rapid pace of technological innovation and adoption creates tremendous opportunities for consumers, entrepreneurs, and investors in these markets. Quona's partners have deep experience as investors and entrepreneurs in financial services and technology, having lived, worked and built companies in both developed economies and the emerging markets we they serve and seek to connect. Quona manages both the Accion Frontier Inclusion Fund and the Accion Frontier Investments Group portfolio. For more information, visit www.quona.com

Swastik Bihani

VP of Product Management and Online fraud is a global problem but most payments fraud protections are Head of India not optimized for preventing fraud for Asian companies. This session will Operations highlight current payments fraud trends and cutting-edge fraud prevention technologies for the Asia-Pacific region. Find out how online retailers, crowdfunding platforms and marketplaces are seeing an immediate 50-300% reduction in fraudulent payment transactions along with reduced false positives on the Simility Fraud Prevention Platform.

Anson Zeall

Chairman of ACCESS and Co-founder/CEO of CoinPip

CoinPip is a Singapore-based venture-backed startup (invested by 500 Startups) B2B Blockchain payments company which enables low-cost global money transfers. Users don’t need to have any knowledge of or experience with using bitcoin or other forms of Blockchain; end recipients receive fiat currency. It currently service ten locations: Singapore, Malaysia, Hong Kong, Vietnam, Indonesia, the Philippines, Thailand, South Africa, Europe SEPA network and the US, and will be entering mainland China, Japan and Myanmar soon. Oct 13th

14.55 15.10

GPS Fintech Selections

Antonio Usama DeLorenzo Vice President of Partnerships identitii is reinventing the way that information can be enriched and exchanged securely and with certainty to create a single source of truth for Identitii payments transactions. It has pioneered the use of tokenization and distributed ledger technology to offer banks efficiency, transparency and peace of mind. Its solutions bring essential information back into the payments chain and turns compliance from a burden into a differentiating asset. Operating out of Asia, identitii has offices in Sydney, Hong and Singapore. Its in-house team and network of expert advisors offer a powerful blend of deep industry expertise and leading-edge technology knowhow.

Edmund Lowell Founder & CEO

KYC-CHAIN LIMITED KYC-Chain is a novel platform built over the conveniency and security of blockchain and smart contracts technology, allowing banks and financial institutions to manage KYC (Know Your Customer) data in a reliable and easy manner. Built over blockchain and smart contracts technology, KYC- Chain provides consensus on identity of individuals at the highest level of trust, bringing a new level of ease and simplicity to the process of onboarding new customers for businesses and financial institutions, while securing the verification of compliance standards.