Considering the substantial growth experienced by the Australian fintech industry, which expanded from USD 164 million in 2015 to nearly USD 30 billion in 2023, as well as the growth opportunities of Thailand and Southeast Asia, the MoU was signed to promote fintech advancement between the two regions. Additionally, the move aligns with the ‘Invested: Australia’s Southeast Asia Economic Strategy to 2040’ introduced by Australia in September 2023, which underlined four priorities, including solidifying markets, sectors, and emerging trends’ understanding, addressing barriers to trade and investment, ensuring collaborative capabilities, and assisting investors in identifying, developing, and finalising prospective deals in the region. Also, the strategy recognised the digital economy as a key industry to increase two-way trade and investment with Thailand.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now