Exhibitor Press Releases

Subpage Hero


23 Jul 2018

iPay88 Shares ‘Payment Dream’ that rides on IoT

iPay88 Shares ‘Payment Dream’ that rides on IoT
Executive Director of iPay88, Chan Kok Long describes this ‘Payment Dream’ as a situa-tion whereby people can purchase products and services without having to make any ‘ac-tion of payment’, at all.

Executive Director of iPay88, Chan Kok Long describes this ‘Payment Dream’ as a situation whereby people can purchase products and services without having to make any ‘action of payment’, at all.

He says, “Imagine walking right in and right out of a mall – where you watched a movie, got your hair done, had lunch, ordered a new TV set and completed your groceries; all without having to carry any cash or credit cards, or even stop at any cashier counter to verify payment.

Yet, every service and item that you procured while at the mall is accurately deducted or credited, in real-time, to your purchase and banking records.”

Chan says that this is iPay88’s ‘Payment Dream’, and riding on the IoT trend today, the dream could become reality as early as 2023.

“IoT is going on full-steam now as Big Data, Analytics, Cloud and 5G come together to enable a totally connected world of smart devices, sensors and systems. And iPay88 sees that in this same world - payments, or the action of procuring something, will become 100% autonomous, almost like a basic-reflex in the payment systems that consumers interact with.”

There are, however, four main areas whereby advancements will be required for this ‘Payment Dream’ to happen, which iPay88 is following closely in pursuit of its strategic partnerships and own R&D investments.

Standards: The current IoT standards that determine the communication between end devices such as wearable consumer devices and different points of sales (POS) are still lacking. This is a basic IoT challenge to solve the data transactions between hardware/ software systems and mobile applications.

Connectivity: Autonomous online payments involve massive, yet small amounts of individual transactions. So while 5G networks will be ideal for IoT to thrive, the ‘Payment Dream’ would just require wide and comprehensive coverage areas of stable connectivity ie. no ‘drop lines’.

Identity Management: Biometrics technology has already advanced to accurate facial identification. This needs to be integrated between IoT-based POS, with databases of banking accounts that are managed by authorization and verification systems.

Payment Systems Interoperability: e-Wallets and payment applications incorporated in mobile phones or chip-ready wrist bangles (carried by consumers), have to be wirelessly and securely integrated with the consumers’ banking accounts ie. Credit card, savings accounts, as well as value/ wealth funds ie. Gold).

Chan shares that this ‘Payment Dream’ is already happening in isolated pilot projects in some other parts of the world such as in the US and China.

“However I would consider this ‘Payment Dream’ to be realized only when there is a certain level of mass adoption in numerous areas such as retail, healthcare, transportation, etc, he says.

Additionally, he adds that iPay88 is open to work with strategic partners to pursue its ‘Payment Dream’.

“Such partners are ideally operators of closed environments such as universities, cruise ships, hospitals or theme parks – who can benefit directly from running their environments with autonomous payments that leverage the current IoT trend,” he ends.


Sponsors at eCommerce Expo Asia

Platinum Sponsor

  • Shopify
  • SingPost
  • Stripe
  • Shopline

ECEA Theatre Sponsors

  • checkout.com
  • Emplifi
  • Worldpay

VIP Lounge Sponsor

  • Meta


Country Pavilion Partner

  • UK's Department for International Trade

Gold Sponsor

  • Xero
  • GrabFinance
  • Atome
  • Shopback
  • SouthPole

Silver Sponsors

  • BeLive Technology
  • BoxC
  • BigCommerce
  • CreateIT
  • Dimerco
  • Anchanto

Silver Sponsors

  • Aspire
  • Aftership
  • Byteplus
  • ChannelEngine
  • Ekata
  • Emarsys
  • Fung

Silver Sponsors

  • Mirakl
  • Orangemonkie
  • Rapyd
  • Srijan
  • Moloco


Silver Sponsors

  • Ordazzle
  • ReturnHelper
  • RV Automation
  • Salesforce
  • Shippit
  • Sift


Silver Sponsors

  • Impact
  • Unlimint
  • Vesta
  • Intershop
  • Shipsy
  • Shoplive
  • DotDigital

Bronze Sponsors

  • Boxberry
  • ECX

Bronze Sponsors

  • Kornit
  • MailAmericas


Bronze Sponsors

  • Overdose
  • QueueIt
  • Slimstock
  • Storyly
  • Vajro
  • Zonos


Knowledge Partner


News Distribution Partner

  • ACNNewswire

Associate Content Partner

  • Uptime Institute

Strategic SEO Partner

  • AdVantage

Event Partners

  • ATC
  • ISC2

Event Partners

  • AiSP
  • ARC Advisory
  • Asia Cloud Computing Association (ACCA)
  • Asosiasi Cloud Computing Indonesia
  • Fintech Association of Hong Kong
  • GS1


Event Partners

  • Best Practice of eCommerce
  • BigDataX
  • CMO Council
  • La French Tech


Event Partners

  • Practical DevSecOps
  • Digital Advertising Association Thailand (DAAT)
  • DevOps Institute
  • Forrester
  • Singapore Chamber of E-Commerce
  • ASME


Event Partners

  • IASA
  • IPI Singapore
  • itSMF
  • IFMA Singapore
  • European Data Cemtre Association
  • Accelerating Asia


Event Partners

  • KinerjaBisa
  • Logistics & Supply Chain Management Society
  • NexChange
  • SG Tech
  • Michael Page
  • Plug And Play


Event Partners

  • Singapore Cyber Security Consortium (SGCSC)
  • Structure Research
  • General Assembly
  • Open Connectivity Foundation
  • Smart Asia India
  • Co Creation Lab
  • CDPI


Media Partners

  • ACN Newswire
  • APAC CIO Outlook
  • Asia Blockchain Review
  • Asia Research News
  • Digital Agency Network
  • Digital Agency Network Institute


Media Partners

  • Australian Cybersecurity Magazine
  • Australian Security Magazine
  • BizClik Media
  • AI Time Journal


Media Partners

  • Chief IT
  • CIO Advisor APAC
  • Cross Border Magazine
  • Asia Content News


Media Partners

  • CryptoNewsZ
  • ComputerWeekly.com
  • Cyber Security ASEAN
  • Disruptive Tech Asean


Media Partners

  • Data Storage ASEAN
  • e27
  • Fintech Finance
  • SearchCIO
  • GovTech SEA


Media Partners

  • Gigabit
  • Jumpstart Media
  • My Security Media
  • CMO Asia
  • Frontier Enterprise


Media Partners

  • Retail CIO Outlook
  • Supply Chain Brain
  • Supply Chain Digital
  • Tech Wire Asia
  • FutureCFO


Media Partners

  • TechTarget
  • Telecom Era
  • Wire 19
  • 万瑞布线网
  • FutureCIO


Media Partners

  • FutureIoT
  • Payment & Cards Network
  • Marketing Ops
  • Cybersec Asia
  • Digicon Asia
  • Enterprise Security Magazine
  • Escomedia


Official Partner Hotel

  • Marina Bay Sands


Held In

  • Marina Bay Sands


Supported By

  • Marina Bay Sands