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Disruptive Technology and Super Apps
There is no denying that super apps have changed every aspect of our lives
Over the last 5 years, a new technology trend has been released — Super Apps!
Smartphones are the primary internet access point for many people across the globe while "SUPER APP'S" is like an ALL IN ONE EXPERIENCE which is TAKING OVER THE INTERNET MARKETPLACE. Wherein products and services can be bought without even needing to walkout of your home or offices.
The super app model IS A WINNER; many apps like Grab, GOJEK AND WeChat, are becoming an essential part of everyone's life.
In China today, it is nearly impossible to pay for anything with cash, for most payments are done using mobile. It is difficult to find anyone who wants to accept a credit card as payments as they do not want to incur transaction fees.
With Grab going public with $40 billion SPAC deal backed by Altimeter Capital, the Singaporean based company with its partnership with Singtel for a digital full bank license is gaining the support of BlackRock, Fidelity, T. Rowe Price, Abu Dhabi's sovereign wealth fund Mubadala, and Singapore government investment arm Temasek, Singapore's banking sector who is dominated by three major banks — DBS Group, Oversea-Chinese Banking Corp, and United Overseas Bank.
There are about or more than 10 million apps both in Google Play store and Apple's App Store, and it is astonishing that people are choosing the best one.
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