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News OCTOBER is Africa x ASEAN Digital Economies & Fintech Month

OCTOBER is Africa x ASEAN Digital Economies & Fintech Month

Fintech decentralized assets fundraising seen as areas of convergence

The seminal Inclusive Fintech Forum in Kigali, Rwanda brought together ASEAN (via the GIFT- Global Impact Fintech ASEAN, the One ASEAN Fintech Movement – OAFM and Digital Pilipinas) and Pan Africa via the Africa Fintech Network with the signing of a partnership agreement witnessed by regulators, association heads and leading fintech and technology businesses across the two regions.

Witnessing for the Africa Fintech Network (AFN) were Dr Patrick Saidu Conteh, CEO, Dr Segun Aina President (not in picture), Premier Oiwoh, Managing Director & Chief Executive Officer at NIBSS / Nigeria and the various officers of the AFN, the 35 country strong network of digital economies in Africa.

For its ASEAN counterpart, witnessing the partnership agreement signing were Singapore’s Monetary Authority of Singapore’s Sopnendu Mohanty and Global Fintech Institute Dr David Lee, Mr Ouk Sarat, Head of Payment Service Department, National Bank of Cambodia, Remi Pell, Chair of Cambodia Fintech Association and Amor Maclang of Digital Pilipinas, Philippine Fintech Association and GIFT/ OAFM.

This landmark agreement marks the beginning of a collaboration between the two regions in advocacy, fundraising, payments, lending, decentralized assets, start-up development, regulatory exchange and education.

“Africa & ASEAN are uniquely placed to leapfrog digital economic development. The recent signing of a cooperation agreement with our various ASEAN partners as the One ASEAN Fintech Movement/ GIFT / Digital Pilipinas & Africa Fintech Network is a demonstration of the strong emerging partnership among the major digital finance stakeholders in the spirit of sharing innovative technologies, knowledge, and best practices to support the sustainable development of our countries, “ says Dr Conteh.

Professor David Lee, Co-Founder & Chairman of Global Fintech Institute has this to say : “By rolling out the Chartered Fintech Professional (CFtP) professional qualification program in collaboration with our partners, Digital Pilipinas & Africa Fintech Network, GFI is committed to leverage on this partnership to empower and nurture future generations of fintech talents in ASEAN & Africa with a global mindset, a rigorous knowledge framework for continually keeping up with industry development & trends, and strong ethical standards. This is just a humble beginning and leveraging on the inputs from our partners, we will roll out even more programmes such as “CFtP Lite” and other digital literacy programmes to empower policymakers, practitioners and entrepreneurs!”

“Africa and ASEAN have almost the same parallel journey in our digital economy and our commitment to take this side by side with our African Fintech Leaders ensures that engaging and investing in the combined population of 2 billion as a fintech market will be a primary agenda of many companies, countries and organizations,” says Maclang.

For the first time ever, the two regions—ASEAN and Africa—will be launching the Africa x ASEAN Digital Economies and Fintech month both on the week of October 2-6, 2023 in Manila, Philippines and Nairobi, Kenya.”

** Be involved in the digital economies of of Africa x ASEAN by reaching out to Dr Patrick Conteh of the Africa Fintech Network or Amor Maclang of the One ASEAN Fintech Movement / Digital Pilipinas.

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