Asia is the key driver when businesses talk about market changing conditions. Western management styles are proving outdated in the sense that building core competency is considered outdated. Market changes being disruptive in nature competition is constantly evolving. Companies in Asia have taken a paradigm shift to thrive in this dynamic movement.
The best example of the above philosophy can be seen in China's ecosystems that are developing collaborative atmosphere and scaling network effects around their core business. This is enabling them to fill in the gaps in the system - for example, Jack Ma quickly morphed Alibaba into another finance ecosystem called Ali pay that strengthened payment systems and made the e-commerce marketplace between vendor and consumer into a seamless environment.
The merger of DidiChuxing with Uber and subsequent tie-up with Alipay has paved the way for Payment Asia to tie up with Grab Taxi in Singapore. The new term is operative competition. The core competency of one business is added to the core competency of another business. The business models of each business actually bring prosperity to the other with the result that sustainability is maintained even if there is a downturn. The example of real estate prices taking a nosedive in London due to Brexit exposed the deficiency of so-called 'core competency' in the system.
Alipay and Payment Asia have the experience of Paypal to understand the issues that cropped up in the early years of online payment. Other payment gateways in Europe and America had to contend with fraud in card systems. Payment Asia has quickly learnt from others as they collaborated and ultimately took control of Freud away in 2006 that allowed them to offer robust and tension free online payment systems to their customers. The experience of merchants, as well as customers, is well documented in Payment Asia reviews with most of them giving thumbs up.
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