Fintech Australia and the Tai Fintech Association have formalised their partnership through a memorandum of understanding (MOU) to boost the fintech capabilities of both nations.

The MOU signing ceremony took place in at the Money20/20 Asia event in Bangkok and saw key figures like Chonladet Khemarattana, President of the Thai Fintech Association, and Brian Collins, Deputy Chair of Fintech Australia, come together to ink the deal.

This partnership marks a pivotal moment as Fintech Australia continues to represent the rapidly growing sector, which has burgeoned from a A$250 million industry in 2015 to a A$45 billion giant in 2023.

The event was attended by fintech leaders from Australia and Southeast Asia, alongside venture capitalists and financial services representatives.

The Australian delegation was in Bangkok attending Money20/20 Asia to seek new partnerships and opportunities within Thailand and the broader Southeast Asian region.

This collaboration aligns with Australia’s broader economic strategy in Southeast Asia, highlighted last year by Prime Minister Anthony Albanese in ‘Invested: Australia’s Southeast Asia Economic Strategy to 2040’, which pinpoints the digital economy as a crucial area for enhancing bilateral trade and investment with Thailand.

Brian Collins, Deputy Chair, Fintech Austraalia ütles,

“Thailand and Southeast Asia represent a massive growth opportunity for our local fintech sector. It’s a part of the world many of our members expressed interest in due to rapid adoption of various forms of fintech, not to mention Thailand playing host to Money20/20 this month. We look forward to further collaborating with the Thai Fintech Association to improve outcomes for both regions.”

Chonladet Khemarattana, President, Thai Fintech Association said,

“With Thailand emerging as a hub for fintech innovation and the upcoming Money20/20 event, this collaboration promises to drive mutual benefits and foster cross-border synergies. We are eager to work closely with Fintech Australia to leverage our respective strengths and enhance outcomes for both regions’ fintech ecosystems.”

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• Allikas: https://fintechnews.sg/94902/australia/australia-and-thailand-forge-fintech-partnership-at-money20-20-asia/