Singapore, April 23, 2024 – Fintech Australia and the Thai Fintech Association have solidified their partnership through a memorandum of understanding (MOU) aimed at bolstering the fintech capabilities of both nations.
The MOU signing ceremony, held at the Money20/20 Asia event in Bangkok, brought together key figures including Chonladet Khemarattana, President of the Thai Fintech Association, and Brian Collins, Deputy Chair of Fintech Australia.
This collaboration marks a significant milestone as Fintech Australia continues to champion the rapidly expanding sector, which has grown from a A$250 million industry in 2015 to a A$45 billion powerhouse in 2023.
The event attracted fintech leaders from Australia and Southeast Asia, alongside venture capitalists and representatives from the financial services sector.
The Australian delegation, present at Money20/20 Asia in Bangkok, aimed to explore new partnerships and opportunities within Thailand and the broader Southeast Asian region.
This partnership aligns with Australia’s overarching economic strategy in Southeast Asia, as articulated by Prime Minister Anthony Albanese in ‘Invested: Australia’s Southeast Asia Economic Strategy to 2040’, which emphasizes the digital economy as a key area for enhancing bilateral trade and investment with Thailand.
Brian Collins, Deputy Chair of Fintech Australia, commented, “Thailand and Southeast Asia present significant growth opportunities for our local fintech sector. Many of our members have expressed interest in this region due to the rapid adoption of various fintech solutions. We look forward to collaborating with the Thai Fintech Association to drive positive outcomes for both regions.”
Chonladet Khemarattana, President of the Thai Fintech Association, added, “With Thailand emerging as a focal point for fintech innovation and the upcoming Money20/20 event, this collaboration holds the promise of delivering mutual benefits and fostering cross-border synergies. We are eager to work closely with Fintech Australia to leverage our strengths and enhance outcomes for both regions’ fintech ecosystems.”
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