01 Nov '17, 5pm

5 questions with... Aimazing

Mr Ting After I graduated from university in Taiwan in 2015, I went to China. At the time, I knew of Alipay and WeChat Pay and I knew they were strong in the e-commerce space. But I didn't know they were also strong offline. When I went to China, I saw that all the convenience shops and small merchants accepted Alipay and WeChat Pay. After two months, I returned to Taiwan and wanted to start a mobile wallet, but the regulations there were too stringent - I had to put up NT$500 million (S$22.6 million) in capital to apply for the required licence - so I decided to go back home to Johor Baru. I came to Singapore to do research and realised it had a very good start-up ecosystem. So I decided to start my business here. At the time, I couldn't speak English. I started speaking English only when I started this firm. I would bring my cousin to Singapore to help me translate when ...

Full article: http://www.straitstimes.com/business/companies-markets/5-...

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