Singapore Fintech Association and Indian Chamber of Commerce agree fintech pact

Singapore Fintech Association and Indian Chamber of Commerce agree fintech pact

Singapore Fintech Association (SFA) and the Federation of Indian Chambers of Commerce and Industry (FICCI) today inked a partnership agreement to share information about FinTech and collaborate on mutually beneficial initiatives that would further the development of the FinTech industry in both countries.

This agreement was signed at the opening ceremony of the first ever Singapore Pavilion at the Singapore FinTech Festival 2019, the largest FinTech event in the world. The signing of the Memorandum of Understanding (MOU) was witnessed by His Excellency Jawed Ashraf, High Commissioner of India to Singapore.

Commenting on the announcement, Mr Chia Hock Lai, President, SFA said, “In recent years, India has been a country that is spearheading many FinTech initiatives and advancements with a global impact. On the other hand, Singapore has also been a very good bedrock for FinTechs, with supportive frameworks in place for them to grow and establish themselves in the region.”

“As Singapore’s FinTech ecosystem continues to grow, we look forward to collaborating for the betterment of the FinTech industry in both countries. We are glad that both Singapore and India FinTechs would be able to leverage on such industry-level partnerships,” he added.

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