In this issue, the rise in issuance of digital banking licences in Asia Pacific in response to fintechs and bigtechs is discussed. Lu Global chief executive Kit Wong shares how the wealth management platform has grown by focusing on customers and customization. In Africa, we take a closer look at Ecobank’s money transfer app Rapidtransfer which addresses issues in convenience, delays and accessibility of remittances. As COVID-19 continues to spread globally, a recent consumer survey revealed financial health as a top fear in Asia. In line with the pandemic, industry data showed that cashless payments will significantly grow due to stay-at-home orders.
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