Fintech is expanding into new areas beyond payments. The presentation discusses how fintech can be applied in various industries like fuel retail, parking, toll payments, amusement parks, hotels, events, and shopping malls. It provides examples of payment methods like QR codes, RFID, and NFC that can be used in these industries. The expansion allows fintech to make these industries more efficient through features like loyalty programs, cashbacks, inventory management, and digital ticketing. As consumers increasingly adopt fintech services, businesses should explore how fintech can benefit their specific operations and customers.
4. Introduction
■ Payments without ever touching a currency
■ Global Fintech Investment of USD $137.5 billion in 2019
■ One-third of global consumers utilize at least two or more fintech
services and those consumers are also increasingly aware of fintech as a
part of their daily lives.
■ As the fintech industry is growing, it is expanding to various fields
beyond simple payment settlement functions.
Source: EY’s 2017 Fintech Adoption In
5. Introduction
■ Fintech now describes a variety of financial activities without the
assistance of a person, such as
– money transfers,
– depositing /withdrawing with your smartphone,
– bypassing a bank branch to apply for credit,
– managing your investments
6. Fintech Landscape
Up until now, financial services institutions
offered a variety of services under a single
umbrella providing services into individual
The combination of streamlined offerings along
with technology enables fintech to be more
efficient and
7. Expanding New Horizons
Fuel Retail Parking Amusement Parks Hotels & Resorts
Events & Festivals Toll Payments Shopping Malls
8. Fuel Retail
■ Semi automated vs Fully automated
■ Payment modes:
– QR
– RFID
– NFC
■ Track fuel expenses
■ Cashbacks & loyalty
■ Speed up fueling service
■ Efficient rush hour management
15. KeyTakeaways
■ When it comes to the adoption of FinTech into businesses, people and
consumers are no longer reluctant.
■ As the fintech industry is growing, it is expanding to various fields beyond
simple payment settlement functions.
■ Businesses should look at the big picture, thinking about what consumers
need and want in the long run.