Speaking at the Pacific Islands Fintech Innovation Challenge, Singapore Foreign Affairs Minister Vivian Balakrishnan said there needs to be greater digital infrastructure and compatibility within Asia-Pacific. He added that there’s a need to build on physical infrastructure, and policies governing digital payments and data exchange. The Pacific Islands Fintech Innovation Challenge aims to boost financial inclusion and digital payment adoption in the region. 11 companies, including one from Singapore, were shortlisted for the challenge.
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