Digital banking penetration has grown 1.5 times to three times in emerging Asia since 2014.
Vikas Agrawal brings two decades of experience from senior engineering roles at startups.
Only 2,716 deals completed globally in Q1 2017 compared to 3,201 in Q4 2016.
The emergence of technology based financial companies or fintech has prompted the banking industry to improve itself.
Singapore leads the region in digital wallet usage. But Gordon Shields at J.D. Power feels there is still a trust gap to be overcome.
Ant Financial Services Group on Nov 1, announced its global blueprint for promoting digital financial inclusion, and a strategic agreement with Ascend Money, a fintech company in Thailand.
DealStreetAsia announced it has landed its first round of funding, an undisclosed amount from angel investor Vijay Shekhar Sharma, the Singapore Angel Network (SGAN), and others.
Mobile payment growth in Asia Pacific is outpacing the rest of the world, and will make up half of the global market by 2017, according to International Data Corporation (IDC).