The cashless society – Implications for insurers
Editorial by Hugh Terry
In this edition of China in Focus, in partnership with iptiQ by Swiss Re, we look at the inevitable rise of the cashless society in Asia, its impact and development in China in particular, and what implications it has for insurers.
Alongside that we chart the development and significance of the imminent introduction of the digital yuan in China, and look at whether it will shake up the payments environment in the region forever.
In our webinar that runs alongside the edition (view the recording on-demand below) we ask among other things: what is the state of payments in mainland China and Hong Kong? How has cashless enabled ecosystem models? And how can insurers best work with payment providers?
Finally in our InsurTech Analysis series we look at OneConnect Financial Technology, that provides technology-as-a-service to more than half of all China’s insurance companies, and present an infographic and video comparing and contrasting two of the largest payment platforms in China: Alipay and Tenpay.
China is set to transact the majority of its retail sales online this year, what can insurers do to capitalise on this consumer shift?
The introduction of a digital yuan is not only an economic, but also a political intervention, which is aiming to limit the growth of other cashless payment platforms.
Join TDI and iptiQ, along with experts from Forrester and Octopus, to understand more about cashless payments in China and what the future holds for insurers.
OneConnect is a financial technology company that provides technology-as-a-service to all of China's major banks, and more than half of its insurance companies.