Access to traditional banking services is limited in developing countries. The World Bank estimates that 1.7 billion adults are unbanked, yet more than 65% of them own a mobile phone. For this group of underserved in developing countries, mobile money is a technology that enables them to receive, store and spend money using just a mobile phone, in the absence of a bank account.
Autonomous driving has been envisioned as the future of mobility to bring about benefits such as enhanced mobility, safer and less congested roads, as well as reduced environmental impacts. But owing to a combination of factors such as regulation, technology and infrastructure, it has not yet fully materialised. Nevertheless, the industry remains hopeful as technology providers, automobile companies and OEMs continue to secure strategic partnerships to gain a head start into the future of autonomous driving.
The telecommunications industry is the backbone of technological growth and digital transformation. While revenues in the telecom sector declined in the first half of 2020, owing to economic impact as a result of the pandemic, GSMA reported that recovery took place in the second half of the year with increased consumers and households acquiring integrated bundle services and high-speed connectivity becoming sought after across all rungs of society.
MWC Shanghai 2021 kicked off yesterday as the first large-scale hybrid event of its kind, hosted by GSMA. Taking place from 23rd to 25th February, MWC Shanghai 2021 showcases Asia’s mobile industry.
Singapore helms the top spot as Asia Pacific’s most innovative country according to the latest Global Innovation Index released in 2020. This makes it the seventh consecutive year that Singapore covets the first spot across economies in the region. Globally, Singapore is in the eighth spot, behind countries such as Switzerland in the top spot, the US, Britain, Denmark and Finland.
The world ushered in 2020 with anticipation and merriment, only to have moods quickly dampened when a novel coronavirus reared its ugly head. Before long, COVID-19 gripped countries globally. By the end of last year, the pandemic killed about 2 million people worldwide.
China is bent on taking the lead in technology, with the nation pressing ahead in its quest for technological dominance, as highlighted in its fourth session of the 13th National People’s Congress (NPC) held over two days in early March.
As digitalization becomes increasingly fundamental to Asia Pacific’s economic growth, Telecom Review Asia Pacific interviews Mr. Bai Yang, vice president of ZTE Corporation in charge of marketing and solution department of APAC to glean insights into ZTE’s innovations that help spearhead and support the region’s industry digitalisation.
Manufacturing is one of the key pillars of economies in the Asia Pacific (APAC) region. According to GlobeNewswire, APAC is the largest general manufacturing market in the world, accounting for 43% of the global market. With the advent of the Industry 4.0 revolution, the world’s largest manufacturing hub will experience significant shifts as connectivity becomes the backbone of next-generation factories, where artificial intelligence (AI), machine learning, cloud computing and the Internet of things (IoT) are being embraced to unleash technology-driven smart manufacturing.
As 5G technology becomes increasingly widespread, attention is veering towards high band 5G mmWave spectrum to deliver greater capacity and faster performance levels for data-intensive 5G mobile communications such as video communications, as well as virtual and augmented reality.
