E-payments Association to Promote API Exchange Platform
The Emerging Payments association Asia (EPAA), the only payments association in Asia, has signed a Memorandum of Understanding (MOU) with the ASEAN Financial Innovation Network (AFIN) to promote the benefits of the APIX platform to the payments community, with an aim to further develop the industry.
APIX, the flagship product of AFIN, is a global cloud-based platform that enables financial institutions and fintechs to discover one another on a curated global marketplace, design experiments collaboratively in the sandbox and deploy innovative solutions rapidly at a lower cost. The collaboration with AFIN represents significant value for current and future EPAA members.
Emerging Payments Association Asia making significant impact
Founded in 2018, the Emerging Payments Association Asia (EPAA) is the only payments association in Asia and has in the short time since its inception made significant waves in the payments industry. It has hosted more than 30 successful events, connecting nearly 1,000 payments leaders, driving payments' advocacy and policy development.
Backed by an international advisory board of elected industry leaders, EPAA aims to harness Asia's rapid payments growth and exciting potential through advocacy and collaboration. The group is an independent chapter of the UK-based Emerging Payments Association (EPA), which launched in 2004 and has more than 180 members around the world. Like EPA, the Asia chapter connects regional professionals and establishes unified, well-informed viewpoints on policies that will improve lives everywhere and encourage innovative thinking.
In Asia's emerging economies, payments are growing by 32-percent every year. Today one out of every three e-wallet transactions made across the globe occur in China alone, and Asia has more unbanked citizens than anywhere else in the world. In all, the global payments market is estimated to be worth US$2 trillion by 2025.
A wealth of privileges and opportunities
Beyond access to specialized knowledge and insight gained from impactful regional initiatives like Project Open Banking Asia, EPAA members enjoy a wealth of other privileges and opportunities designed to help them contribute to and keep pace with Asia's fast-paced payments industry. Members are invited to exclusive study tours, networking events, presentations, and round tables attended by peers based around Asia. Online webinars focused on critical payments topics are held periodically, and all members receive a member directory, sponsorship opportunities, and EPAA newsletter that includes project and policy updates, along with members-related news.