DeeMoney, a leading application for cross-border payment services in Thailand, made a lasting impression at Money20/20 Asia, showcasing its prowess as a dynamic non-bank fintech player. Amidst JP Morgan and the Bank of Thailand luminaries, Aswin Phlaphongpanich, CEO and Co-Founder of DeeMoney, shared insights in a panel discussion titled "Navigating Challenges and Opportunities in ASEAN's Cross-Border Payment Landscape".
Emphasizing DeeMoney's commitment to innovation, Mr. Aswin Phlaphongpanich illuminated the hurdles of operating in Thailand's fintech sphere, particularly in the fragmented ASEAN payment landscape. He addressed challenges like cumbersome KYC processes for foreigners and navigating a complex licensing environment.
However, DeeMoney's collaborative ethos shone through Mr. Aswin's underlined partnerships with over 70 financial entities, heralding them as instrumental in overcoming regulatory and technological barriers. Proposing interconnection between ASEAN and the EU, he highlighted the potential for streamlined operations and enhanced service delivery across regions.
With a footprint spanning 26 currencies across 50 countries, DeeMoney is already simplifying cross-border transactions. The company forged new alliances at Money20/20 Asia, cementing its position as a trusted fintech partner in Thailand. Mr. Aswin's discussion on expanding transaction limits and bolstering digital financial services underscores DeeMoney's commitment to evolving customer needs.
DeeMoney remains at the forefront of digital financial inclusion, leveraging technology and partnerships to streamline KYC processes. As Thailand positions itself as an ASEAN gateway, DeeMoney's success at Money20/20 underscores the country's financial potential and solidifies its pivotal role in shaping regional transactions.