is asia ready to go cashless?

Topp Jirayut Srupsrisopa

Is Asia Ready to Go Cashless?

Topp Jirayut Srupsrisopa

• Investment/Central Banker & Financial Consultant turnedGroup CEO and

• Co-Founder of Bitkub Capital Group Holdings Co., Ltd(BCGH)

• Previously co-founded coins.co.th• Thailand’s Leading Bitcoin and Open Blockchain Expert• Board of Director at Thai Fintech Association• Mphil in Economics at Oxford University, UK

Thailand has more

mobile phones

connected to the

Internet than there

are Internet users.

Mobile adoption in

Thailand has reached a

point the average Thai

person has 1.4 mobile

phones or accounts,

representing 140 percent

adoption.

Thailand leads mobile

banking penetration

That is well ahead of the

global rate of 41% and

higher than China, at 61%

Internet banking and

mobile banking has been

increasing rapidly since

2011

2016 2017 2018 2019

• Cash withdrawal

from ATMs has

been declining!

40 million users

$50 million

173.6 billion

THB

8.4 million users

12 million users

15 million users

BUT A rise of non-bank players!

Mobile wallets enable

the 87% of people who

don’t have credit cards

to pay by means other

than cash

Truemoney:

Remittance

Service

Loyalty

points

Vending Machines

are also going cashless!

Promptpay!

010203040

1/1/19 1/1/171/1/15

Pr…

Standardised

QR code!

7/11 accepting deposit and withdrawals

Why is Fintech Revolution happening now?

Social Banking

is coming!

Social Banking

is coming!

A new Banking Model of the future!

New Generation Banking

What should we do today?

“The Electric light did not come from the continuous improvements of candles”

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