Virtual Trade Mission to Sydney

Welcome Remarks 

Delegates will be updated on where Australia is now with Covid-19, how the economy is holding up and changing as well as the payments industry. This session will include a Q&A session. 

Moderator: Kevin Mcadam, Emerging Payments Association 

Speaker: Chris Cobb, Investment Director, Austrade 

Panel Discussion with Q&A 
Specific discussion areas for input by the panel should include: 

AUSTRALIA 

• Australia drive and change to keep pace with International regulation and PSD2 obligations for some clients in region and the step change in terms of cross-jurisdictional areas – How will this move forward to the next stage?  
  Ensuring Consumer Data Right regulation (coupled with data privacy consent, data share and data controls) has been adopted with the aim to increase competition, enabling fintech’s to create a marketplace for alternative services – Is this happening? 

• Fraud has been shifting from payment industry level to an identify level win Australia, therefore the aim is to mitigate against high levels of identity fraud. How well is fraud being kept under control and what are the implications going forward? 
• APRA previously stated that all the payment landscape changes my create value chain disruption through break up of traditional methods – Has this been the case? 
• Increased shift from hardware to software solutions e.g. POS with different risk profiles demands and flexibility for new technology – What other significant changes do the authorities envisage? 
• Emergence of closed-loop payment alternatives market growth through alternative payment rails, resulting in increased requirements for software solutions and mobile payments as national options, with Regulators assessing solutions outside traditional rails – Has the closed-loop market continued to grow? 

NEW ZEALAND 

• Payments NZ focusses on transforming their payment eco-system as part of the Payment 2025 vision. NZ is aiming to achieve simple, intuitive and straightforward international payments and global interoperability of payment instruments and systems. Upgrade planned to include consideration for messaging formats and ease of integration, efficiency & consistency in payments including non-domestic (e.g. cross border) – What impact is this having? 
• NZ’s financial regulators are pushing for low friction cross-border payments which will play an enabling role in meeting the NZ Government’s growth agenda target of lifting NZ’s export economy from 30% to 40% of GDP – What progress has been made and what opportunities has this for foreign operators? 
• Increased drive for payment solutions which leverage digital and cryptocurrency technology to speed up the payment and accompanying payment information irrespective of where the recipient is based – How have operators in NZ expanded in this market?  
• Open Banking Initiatives and adopting ISO20022 – What new products are being adopted in NZ to meet the need for Open Banking? 
• New privacy laws have been introduced after many years of operating outdated arrangements, which will ensure much tougher measures are adopted. What difference is this making to businesses and consumers? 

Moderator: Zennon Kapron, Director, Kapronasia 

Speakers: Andy White, Chief Executive Officer, Australian Payments Network & Deputy Chair, EPA Asia  

Jane Retimana, Payments NZ  

Presentation on the developments of Open Banking in Australia followed by Q&A 

Specific areas for the presentation could include:  

• RBA and the Australian Payments Council are encouraging the industry to adopt the migration of the ISO20022 messaging as part of strategic development for Open Banking and Australia Payments will support this through developing governance arrangements – How has business approached Open Banking in Australia?  
• Significant opportunity within Australia for the development of Open Banking initiatives as Australia is acting as a pioneer in this space and has embraced the concept. The regulators see this as a game changer to the payment’s networks in Australia – How is the market and consumer base adopting to Open Banking across Australia?  

Speakers: John Ryan, Emerging Payments Association Asia 
 

Networking with EPA Asia 

Breakout session, we divide the group into 4’s and have an organisation to talk to each group explain their journey warts and all. 

Moderators: Grant Thornton 

Panel discussion followed by Q&A with Mastercard 

Moderator: Kevin Mcadam, Emerging Payments Association 

Panel discussion with Volt, Xinja and Avenue 

Moderator: Nick Wilde, MD for Asia, Thought Machine 

Tony Craddock, Director General, EPA 

John Ryan, Director General, Emerging Payments Association Asia