Digital Asia: Technology, Commerce and Payments Policy |

Digital Asia: Technology, Commerce and Payments Policy

Synopsis:

The landscape of digital commerce and payments is changing rapidly with the advent of technology, creating better, faster ways to connect buyers and sellers around the globe. Asia is at the forefront of growth in the e-commerce space and is poised to overtake North America as the region with the highest business-to-consumer e-commerce sales in 2013.

Asia has close to 50 percent of the world’s Internet users. By 2015, Asia’s purchasing volume is expected to be double that of the United States. Across Asia e-commerce spending is already estimated to amount to USD$332 billion in 2012, one third of the market globally.

However, innovations in digital commerce and payments have advanced so quickly that they have outpaced the regulatory regime. Digital payments such as mobile payments, contactless payments, digital wallets, virtual currencies, peer-to-peer and cryptocurrency continue to be regulated based on traditional banking models.

Mr. Liew will speak on how digital commerce and payments should be regulated in this new era of Big Data, and elaborate on how this technology can be leveraged to increase productivity, drive competition and protect consumers. Mr. Liew will also address some of the key policy issues in this sphere today.

Creating an environment of innovation and cooperation in the field of regulation will help the digital sector to further grow thereby fuelling the digital economy and enabling commerce in Asia and beyond.

Speaker(s):

Mr. Steven Liew, Associate General Counsel & Head of Government Relations, Asia Pacific Region, eBay Inc.

Date:
Thursday, 03 October 2013
Time:
12:15 p.m. - 1:30 p.m.
Venue:

Seminar Room 3-5,
Manasseh Meyer,
Lee Kuan Yew School of Public Policy,
469C Bukit Timah Road,
Singapore 259772

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