Event Details

FWA Lunchtime Series: Payments – Then, Now & What’s in Store? Thursday, 29 August, 12:00 – 2:00 pm
29 August 2019
80 Robinson Rd,
Singapore 068898
  • Members Only Event
  • |
  • Member's Fee: $0.00



Please note that lunch will be provided. FWA thanks AMEX & the SFA for their kind sponsorship of the venue and lunch.


FWA in collaboration with American Express and the Singapore Fintech Association is pleased to present a session on the future of payments.


In recent years, there has been exponential growth in the adoption of digital payments, with some cities and governments looking towards a ‘cashless’ future. Increasingly,  consumers are choosing their cards and phones as the way to pay over cash, with hawker centres, drivers and friends prefer to be paid via QR, mobile wallet, or instant transfer.


Singapore’s central bank, the Monetary Authority of Singapore (MAS), has a pivotal role to play in the digital payments industry as they seek to encourage innovation and new FinTech tools, while also providing safeguards for consumers and merchants. Already at the forefront of innovation in the payments ecosystem, Singapore will set the stage for others to follow.


With a boom of new digital payment players in the market, what will determine which will succeed? How can regulations help spur innovation among digital payment players? What will a future of digital banks and Open Banking look like for consumers?


We have invited a team of esteemed panellists to share their views on this topic.


Event Agenda


12.00pm:     Registration, lunch & networking

12.30pm:     Opening remarks by FWA, AMEX & SFA

12.40pm:     Panel discussion moderated by Meghan Connolly, Senior Vice President, Global Network Partnership, American Express


                     -- Ed Yue, Senior Vice President, Payments Strategy, DBS Bank

                     -- Daphne Ng, Singapore Fintech Association Exco Member

         -- Jo Yeo, Deputy Director, Payments Fintech Office, Monetary Authority of Singapore

         -- Nagesh Devata, General Manager, Cross-border Trade, Southeast Asia, PayPal

1:50 pm:       Q&A

2:00 pm:       Close of event


Panellists and Moderator Bios:




Ed Yue, Senior Vice President, Payments Strategy, DBS Bank


Ed Yue has over 20 years’ experience in payments across Australia & Asia and currently working at DBS Bank as Senior Vice President, Head of Digital Platforms. His role today is responsible for the development of PayLah! - it’s digital wallet platform which is a key focus of the banks’ consumer digital innovation for its customers in Singapore.


Prior to DBS Bank, Ed held leadership positions in both local & international financial services organisations such as Citibank (Australia), Westpac Banking Group (Australia) & American Express International (Singapore).


Ed is a passionate retail payments leader and has managed large retail consumer finance portfolios for credit/debit, personal loans & mobile payments. In his current role at DBS Bank, Ed is presiding over a dramatic digital disruption in the Singapore payments landscape and the need for continual innovation to maintain the Banks leadership status in the market.


Ed is married with two children and been residing in Singapore for 8+ years and prior to this was educated and worked in Sydney, Australia.


Ed graduated with a Bachelor of Business from University of Technology, Sydney and completed his executive MBA at Australian Graduate School of Business.


Daphne Ng, Singapore Fintech Association Exco Member


Daphne is the CEO of JEDTrade, a blockchain technology company focused on data, supply chain and fintech projects in ASEAN, with presence in Singapore, Malaysia, Indonesia and Vietnam. JED’s Dynamic Discounting solution is also onboarded on Networked Trade Platform by Singapore Customs and GovTech. Jupiter Chain by JED is their latest blockchain project launched in 2018 that seeks to build privacy-preserving data analytics on the blockchain and counts projects ranging from genomics to credit data to smart cities.


Prior to this, she has 10 years of specialized experience in trade and supply chain finance across major international banks. Daphne also sits on the Boards of Singapore Fintech Association, ACCESS Blockchain Association, Token Economy Association, and Singapore Computer Society (Supply Chain Management Chapter).


She is also a Mentor/Trainer for International Trading Institute @ SMU. She is a regular speaker and advisor on the applications of blockchain in the areas of data, finance and supply chains, and recently listed as Top 100 Women in Fintech 2019.


Jo Yeo, Deputy Director, Payments Fintech Office, Monetary Authority of Singapore​


Jo is the payments policy lead at the Monetary Authority of Singapore (MAS) and is the project director for the recently enacted Payment Services Act. At the FinTech & Innovation Group (FTIG) of MAS, she is responsible for promoting safe and efficient payment solutions.


Prior to joining FTIG as Deputy Director, Jo was Assistant General Counsel at the MAS Legal Department. In that role, she advised extensively on financial services regulations and free trade agreements. Her private practice experience was at Allen & Gledhill and Amica Law.


Jo graduated from the National University of Singapore with an LLB (Hons) Degree and was called to the Singapore Bar. She has a Master of Laws from University College London and is a non-practising solicitor of England and Wales.


Nagesh Devata, General Manager, Cross-border Trade, Southeast Asia, PayPal


Nagesh Devata joined PayPal in 2017 as the Director of SMB, Core Merchants and Channels business for Southeast Asia. In his current capacity, Nagesh is responsible for establishing PayPal as the digital payments leader in the fast-growing markets of Southeast Asia. Based in Singapore, he drives PayPal’s business strategy, sales, partnerships and merchant adoption of PayPal’s newest payment innovations to transform commerce in the region.


Nagesh has covered a wide range of geographies in his career, working in countries including Canada, U.S., Middle East/Africa and most recently Asia Pacific. Prior to joining PayPal, Nagesh Devata was with Mastercard Asia Pacific and was actively involved in the transformation and implementation of MasterCard’s merchant vision towards driving convergence between consumers, merchants and electronic payments.


Nagesh has been a passionate advocate and champion of digital commerce and financial payment inclusion having worked and partnered with global organizations such as Facebook, Starwood Hotels, Alibaba, Uber, and McDonald's. He was at the forefront of MasterCard’s strategic partnerships with the biggest travel and digital retail partners in Asia Pacific and led the expansion of MasterCard’s reach to the next 100 million merchants.


Nagesh holds an MBA from Case Western University, and a Bachelor of Commerce from the University of Toronto.



Meghan Connolly, Senior Vice President, Global Network Partnership, American Express


Meghan Connolly has recently joined American Express as SVP, GNS JAPA, where she is responsible for our Global Network Partnerships where we partner with banks across the region for card issuing and acquiring.


Meghan joined from Standard Chartered Bank in Singapore where she has worked for the past 12 years in a variety of roles leading product, marketing, credit and operational functions in over 25 markets across Asia, the Middle East and Africa.  She has been responsible for a wide range of financial retail products, from deposits and mortgages to personal loans and credit cards.


She has overseen these portfolios creating customer communications strategies, implementing card acquisition and activation programs, and developing customer segmentation strategies.


Meghan has a proven track record of leading large and diverse teams to deliver strong business growth.  She is a strategic thinker, a customer advocate, and a strong relationship manager. 


Prior to Standard Chartered Bank, Meghan spent 10 years at MBNA in roles of increasing responsibility in marketing, risk and credit card operations.  She brings a global perspective having lived and worked in the U.S., Canada, the UK and Singapore. 


Meghan frequently speaks on leadership and diversity. She received her Bachelor Degree in English from Georgetown University and continued her executive education at Oxford University in the U.K.  Meghan is married with two children.  This year she is attempting to master tennis again.



Please note places are on a first-come-first-served basis so do register early! Deadline for registration is 22 August 2019. Please sign up early to avoid disappointment. We apologise that requests for places after the deadline will not be entertained. As places are limited and if you have RSVP but cannot make it, we appreciate that you cancel your registration so that we can make the place available to someone else. Cancellation details are provided below under NO SHOW POLICY. Thank you.



FWA members attend free of charge. Please login on the website before registering.


Institutional Members:

  • Diamond members- Registration at FWA member rates for up to 15 persons per Institutional Member.

  • Platinum members- Registration at FWA member rates for up to 10 persons per Institutional Member.

  • Gold members- Registration at FWA member rates for up to 5 persons per Institutional Member.


Please click 'RSVP Now' and register using your Institutional Codes (please check with your respective coordinators for your Institutional Code).


THIS IS A MEMBER ONLY EVENT. To join as a member, please follow this link



We understand that with busy schedules, there may be times when you cannot make an event after you have registered for it. In the event that you cannot make an event, we appreciate that you use our new tool now available to cancel the event. Cancellation is allowed up to 2 days ahead of the event date. To do so, please log in to the FWA website, under “My Account”, select “My Events”, you can cancel the event registration under the “Cancel registration” column. For members that no-show for 3 consecutive events, we regret to inform that you will be barred from attending any FWA events for the next 3 months. We hope you understand this policy as our events are often in high demand and your co-operation will allow those who can and wish to attend our events to do so. 


For enquiries, please contact please contact events@fwasg.org


To RSVP, please register at our FWA website. For further enquiries, drop a note to events@fwasg.org