On November 1, Richard Nash, VP of Global Government Relations at PayPal, delivered a keynote speech on financial inclusion at the Hong Kong Fintech Week. The five-day event is one of the most prominent FinTech events in the city, attracting more than 8,000 senior executives and featuring over 200 of the world's top FinTech founders, investors, regulators, and academics, who shape the future of financial services by driving a technological revolution in the industry across Asia and globally.
Richard’s session was titled “Is Fintech the Missing Piece to the Financial Inclusion Puzzle?”. He communicated the importance of financial inclusion as well as the challenges in different markets and how digital payment can help address the issue. He stressed that financial inclusion will not only benefit unbanked individuals, but also bring positive impact to emerging economies.
While highlighting PayPal’s leadership role in accelerating financial inclusion and health, Richard also stressed the importance of partnerships to collectively capture opportunities and drive growth at scale. At the end of his presentation, Richard concluded that FinTech is the missing piece of the financial inclusion puzzle – it enables partnerships between tech and retail, empowers individuals to take greater control over their financial health, reduces friction of commerce and fosters inclusivity.
Speaking in the same session was Reuben Lai, Managing Director of Grab Financial, who shared Grab’s expansion and transformation story from a mere car hailing service to a payment service in the South East Asia market.
PayPal is proud to support Hong Kong FinTech Week as a silver sponsor for the second year in a row. Apart from the speaking opportunity, PayPal also hosted a booth which provided an excellent opportunity to engage with other industry players and exchange ideas, trends and the future of FinTech.