Michael liu worldremit 2016 fin-tech summit_final_presentation

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Changing financial services, changing the world Michael Liu Regional Director for Asia Pacific

Transcript of Michael liu worldremit 2016 fin-tech summit_final_presentation

Changing financial services,changing the world

Michael LiuRegional Director for Asia Pacific

World Bank, 2016

Global remittances – a USD600bn market

World Bank, 2016

Remittance inflows as a % of GDP (2014)

2 billion unbanked

World Bank Financial Inclusion Report 2014

“By 2030, 2 billion people who don’t have a bank account today will be storing money and making payments with their phones.”

Bill Gates, 2015

Bill Gates – Photo by gatesnotes.com

Technology also enhances compliance

Deloitte, 2016 – four year revenue growth