Neeraj Agarwal
๐ค SpeakerAppearances Over Time
Podcast Appearances
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The same change exists in Indonesia, Philippines or Singapore.
Alipay in China does 100 times more transactions than PayPal.
Fintech in Asia is innovative, it's deeply entrenched and is not done growing.
By 2030, I expect fintech revenues in Asia will be larger than any other part of the world.
I could give you any number of such examples across industries.
Instead, I want to step back and talk about the broader intellectual contributions that Asians are making.
As a consultant, I deeply believe in the power of three.
So I'm going to give you three of them.
First, Asian companies are investing on developing at-scale solutions with different but attractive unit economics.
Take climate.
Asia has more polluted cities than any other part of the world and is roughly half the planet's carbon footprint.
Driven by adversity, many Asian companies are investing at scale in solar production and battery storage.
In this case, China in particular has invested massively, and the last two decades brought down the cost of solar panels by 95%.
Battery storage costs are also declining.
Combined, that is resulting in a huge decline in the cost of accessing solar power.
The sun is coming down, but in a good way.
And when I talk to the CEOs of these companies, they smile and say, Neeraj, we're far from done.
far from done, is really encouraging.
Because if these trends play out, solar power could muscle aside fossil fuels as a source of energy.