APA – Kigali (Rwanda) Ravi Menon, the Monetary Authority of Singapore’s longest-serving chief, who is poised to leave the central bank this year ig farewell to Rwandan President Paul Kagame, an official source disclosed Thursday
The Managing Director of the Monetary Authority of Singapore is in Rwanda to attend the Inclusive FinTech Forum, which is taking place in Kigali under the theme “Enabling FinTech for Good”
Speaking on the sidelines of the summit, Mr Menon emphasized Singapore’s pride in contributing to the global effort of utilizing FinTech for the betterment of society. He commended the energy and vitality observed in the host country, highlighting the remarkable progress made in Africa.
Drawing from Singapore’s own experience, Mr Menon shared the four guiding principles that have shaped their FinTech journey over the past eight years. These principles revolve around enhancing efficiency, managing risks, creating new opportunities, and most importantly, improving people’s lives. These principles continue to guide Singapore’s efforts and offer valuable insights for others seeking to leverage FinTech for positive change.
Identifying two critical enablers of their success, Mr Menon emphasized the importance of foundational digital infrastructure and fostering connectivity and collaboration. He highlighted Singapore’s approach to building digital infrastructure, including the introduction of Singpass as a digital identity, the development of PayNow for interoperable electronic payments, and the establishment of MyInfo as a trusted data exchange platform.
The Inclusive FinTech Forum, with its focus on leveraging technology for positive change and fostering collaboration between continents, sets the stage for a promising future where FinTech becomes a powerful tool for inclusive growth, economic prosperity, and social advancement.
CU/abj/APA