Guest bios
- J K Khalil has served as Executive Vice President and Division President for East Arabia at Mastercard.
- Yunsok Chang has served as Mastercard's Executive Vice President of Market Development for Asia Pacific.
- Chang has called Kakao Bank the most successful full-blown digital bank in history, after it broke even in 18 months.
J K Khalil and Yunsok Chang are senior Mastercard leaders from two regions. Khalil has served as Division President for East Arabia, and Chang as Executive Vice President of Market Development for Asia Pacific. Between them they cover the different growth paths of fintechs in the Middle East and Asia, from Kakao Bank, Wio Bank, Grab, Alipay and Paytm to Careem Pay, STC Pay and Tabby, and the trade-offs between wallets and neobanks, scale and profit, local and global reach, and business and consumer models.
Show notes
In this episode of Money Majlis recorded in front of a live audience of CEOs and fintech leaders in Singapore, we look at the differences in the growth paths of fintechs in Asia versus the Middle East.
In a debate with two senior leaders from Mastercard, J K Khalil, Division President of East Arabia and Yunsok Chang, EVP of Market Development, Asia Pacific, Suvo Sarkar compares the origins and future of fintechs from the two regions.
How did Kakao Bank and Wio Bank achieve profitability so fast? What are the challenges Grab is facing? How have Alipay and Paytm transformed payments? What is the runway for fintechs like Careem Pay, STC Pay and Tabby?
In a rich debate full of facts and anecdotes, JK and Yunsok debate wallets versus neobanks, scale versus profits, local versus global and B2B versus B2C.
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