Summit 2017 in Manila, Philippines, one of the major issue does had been discussed is the automated payment or online payment. This program or project can be helpful for the South-East Asia region. Online Payment or Automated Payment is a process of paying your expense thru internet; whether it is an utilities expense (Electrical Bills, Water Bills, Internet and Telephone Bills, Postpaid Bills), for fashion (such as dress, pants or jeans, t-shirts, etc.) and other payments. With this I think BANKEX can be helpful for this project.
The ASEAN countries such as Philippines urge to establish the digital payment in the region. According to professionals and businessmen, the digital payments will make the payment of transactions faster and easier.
But the digital payments in South-East Asia is not so good. It is slow and a little portion of companies used digital payments.
With that, the different innovations and product of BANKEX can make the digital payments in South-East Asia much better.
BANKEX offered numerous brand or product and these are the following:
One of this things is their newest and standardized fintech solution and with their flagship and famous product- The Proof-of-Asset Protocol; these two things work hand in hand as these two will provide a optimal liquidity for real-world assets by creating or converting them to “Smart Assets”. These two things; the finetech solution and the Proof-of-Asset Protocol and their product “Smart Assets” is one of the biggest innovation of BANKEX and their clients purchased this and continue to subscribed.
Another new innovation or creation BANKEX created is cryptocurrency accounting platform. As the BANKEX tying up with ConsenSys formation, Balanc3; they create a new accounting platform for cryptocurrency. This step on creating a new accounting platform and tying up of two of the major blockchain company aims to transform current financial systems while catering to the unique needs of the emerging blockchain industry. These things will surely be a helpful tool to create a established banking sector.
These innovations that BANKEX created can be helpful for the project of ASEAN “Online Payment” with this product the said project of ASEAN can be implemented. If the ASEAN will open their region to the BANKEX and if the ASEAN will tie up with BANKEX their “Online Payment” project will be a reality.