Money changers conference to attract regional heavyweights

The Money Services Business APAC conference 2017 (MAPC 2017) will see over 400 money changing companies taking part.

The MAPC 2017 is the largest money services business industry conference in the region.

Currency exchange and remittance industry experts will converge on September 5 to 6, in Kuala Lumpur for the largest industry conference in the region.

Organised by the Malaysian Association of Money Services Business (MAMSB) and supported by the Malaysia Digital Economy Corporation (MDEC), this event will attract participation from currency exchange and remittance industry players.

Other stakeholders, including regulators, technology companies, banks, inter-governmental agencies and more will join the conference as well.

The event is organised by the Malaysian Association of Money Services Business (MAMSB).

MAMSB was formed on 22 August 2013 and officially launched on 9 January 2014 via an initiative led by Bank Negara Malaysia.

MAMSB Chief Executive Officer, Shalini Pavithran says that “we organised a similar conference in Kuala Lumpur in November 2015 and more than 400 delegates from 32 countries participated in the event.

“We hope to build on that success as this year we are proud to have the support of MDEC”.

There is an inherent need for the Money Services Business sector to accelerate the push into digital adoption as disruptive market forces have already established an influential foothold.

Vice President of Enterprise Development in MDEC, Gopi Ganesalingam says “we live in exponential times with change happening across almost all verticals at a rate far quicker than one has ever seen. Just like all businesses, we need to future-proof our companies to ensure they do not fall behind”.

Gopi added that “we believe with the right interventions and assistances, our companies can stay ahead of the curve”.

The MAPC 2017 provides a platform for industry professionals to discuss the various innovative solutions and technological advancements in the money services business industry. The latest insights into the developments and trends in the global currency exchange and remittance marketplace and the developmental impact of this industry in the Asia-Pacific region will also be explored.

A host of exciting sessions with over 50 high level speakers lined up for the two-days of the conference to discuss amongst others the new remittance and currency exchange business models, latest product innovations, FinTech, RegulatoryTech, financial inclusion initiatives, wallet, e-payment, cryptocurrency, bitcoin and blockchain. The goal during the various sessions of the conference will be to highlight current issues while challenging participants to immerse, adapt, challenge norms, engage, share their views in an effort to unleash new opportunities and take the MSB industry to greater heights.

Among the list of speakers during MAPC2017 are:

Senior Representatives from Bank Negara Malaysia

Senior Representatives from MDEC

Mr. Mohit Davar, Chairman of the International Association of Money Transfer Networks

Mr. Naushad Hussain, Head, Global Retail Payments, CIMB

Mr. Rajeev Kumar Gupta, Programme Management Specialist – Inclusive Finance of the United Nations Capital Development Fund

Mr. Christopher Tiffin, Chief Financial Officer of Celcom Axiata Berhad

Ms. Monnida Musicabud, Head, Emerging Customers of AXA Asia

Mr. Ron Hose, Co-founder and CEO of Coins.ph;

Ms. Lisa Nestor, Director of Partnerships of Stellar.org,

Mr. Eric V. Guichard, Co-founder & Director of Global Mesa Ltd;

MAMSB has over 500 members that engage in three main types of money services businesses that are governed under the Money Services Business Act, including money-changing business, remittance business, and wholesale currency business which supports the retail money-changing business.