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October 02, 2023

Philippines and India strengthen collaboration to foster fintech development

The governments of the Philippines and India have signed a memorandum of understanding (MOU) to enhance fintech cooperation and promote the development of financial technology in both countries.

The MOU establishes a joint working group on fintech, aiming to facilitate discussions on policy improvements, regulatory connections, the development of fintech solutions, and the creation of international standards.

The collaboration aims to leverage India’s digital technology expertise and the Philippines’ young talent pool to drive digital transformation and financial inclusion.

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