The existence of rent control laws since the 1940s, urban land ceiling laws since the 1970s, inappropriate zoning and building bye-laws, have all contributed to the inflexibility in transformation of land use in urban areas, thereby slowing urban growth. These rigidities also implied excessive government control of urban land development, which was handicapped further by lack of resources and expertise.
* * *  Introduction Fintech has created the potential for the design and implementation of innovative financial services that can better serve users’ needs in terms of speed and convenience. Innovative developments that lead to better services can support commerce, in particular e-commerce, as well as productivity and income growth.