ByteDance - TikTok’s Parent’s Financial Expansion Objectives: Where Does Union Mobile Pay Acquisition Fit?
David Zhang
In April 2024, ByteDance was reported to acquire Union Mobile Pay (UMP) for CNY1.4 billion (USD200 million), pending regulatory approval. ByteDance operates popular social media and commerce platforms (TikTok and Douyin). This article analyses its strategic objectives of financial expansion, and the key threats and opportunities in relation to financial industries. UMP is considered to be a key chess piece of the game.
Money 20/20 Europe
Euromonitor International
Money20/20 Europe is home to the industry’s boldest and brightest new voices - where the money ecosystem comes together to shape what’s next for the industry.
Seamless Asia 2024
David Zhang
Seamless Asia is the only event that brings them together. It is a chance to partner, learn, connect and make great strides towards the future of Asia’s banking, payments, e-commerce and retail.
Forefront of Innovation: Examining the Six Game-Changing Trends Discussed at the Singapore FinTech Festival 2023
David Zhang
The Singapore FinTech Festival (SFF) is one of the world’s leading FinTech conferences, bringing regulators, banks, and FinTechs together for a global dialogue on finance, technology and policy. Euromonitor International identified the six main directions discussed: Embedded Finance, Cross-Border Transactions, Sustainability & Inclusion, Artificial Intelligence, Digital Money, and Digital Assets.
Digital Revolution: Top Five Trends Discussed at Hong Kong FinTech Week 2023
Sarah Atiq
Euromonitor International joined the Hong Kong FinTech Week (HKFW) 2023, identifying five key trends with global impact shaping the future of finance: namely cross-border transactions; artificial intelligence (AI); embedded finance; digitalisation and ESG opportunities. Besides cross-border transactions discussed in a prior article, this opinion focuses on the latter four key trends.
Five Success Factors of Cross-Border Transactions Discussed at Hong Kong FinTech Week 2023
Sarah Atiq
Cross-border transactions was a key trend discussed during the Hong Kong FinTech Week 2023, with a focus on better international inter-operability, faster speed, lower cost, higher security and more practical features.
BNPL: Exploring Emerging Applications and Regulatory Developments
Frida Polyak
Buy Now, Pay Later (BNPL), the modern-day credit, quickly reached even the smallest segments of retail and the services industries over the past years. Today, the payment alternative is commonly used to cover daily necessities. While there is no BNPL regulation in place to date, imminent regulatory frameworks will most likely accelerate market consolidation and a slowdown in development. However, the impact is expected to be proportional to the extent of regulation.
Singapore Fintech Festival 2023
Euromonitor International
The Singapore FinTech Festival 2023, which will be held from 15-17 November, will focus on the growth and adoption of AI and how this technology can potentially be used in financial services.
Money 20/20 USA
Euromonitor International
Money20/20 USA is the world’s biggest, most influential gathering of the global money ecosystem.