11 Teams Confirmed for the Pacific Islands FinTech Innovation Challenge

The UN Capital Development is pleased to announce the 11 FinTechs that have been selected for the upcoming Pacific Islands Fintech Innovation Challenge in Singapore from 27th to 29th July.

The selected FinTechs will be required develop and co-create solutions for an expert panel of judges for specific problem statements addressing the following areas:

  1. Improving access to financial products and service
  2. Digitising customer service
  3. Increase usage of financial products and services
  4. Streamlining of foreign exchange
  5. Enabling E-Commerce and in-person POS merchant payment services

Winning Fintechs will receive grants of up to US$50,000 depending on the investment readiness level and outreach potential of the solution proposed.

UNCDF will also provide technical assistance to the winning Fintechs to implement the solutions in Fiji, Samoa, Solomon Islands and Tonga alongside trusted implementing partners.

You can read more about the our implementing partners and the five challenges here: https://www.uncdf.org/inclusiveinnovation/pacific-islands-fintech-innovation-challenge

The Fintech challenge is an initiative of the Australian Government-funded UNCDF Pacific Digital Economy Programme (PDEP) in collaboration with the Market Development Facility (MDF) and the Asian Development Bank (ADB).

Participating Fintechs

Problem Statement 1: Improving Access to Financial Products and Services (Tonga – TDB, Samoa – NBS)

  • Infinity PlusOne (Fiji)
  • Global Pystech Sdn. Bhd. (Malaysia)
  • BPC Banking Technologies (Australia)
  • Geniusto International Pte. Ltd. (Philippines)

Problem Statement 2: Digitizing Customer Service (Fiji – FDB)

  • ITGalax Solutions (Fiji) Pte Limited (Fiji)
  • DirectPay (Pvt) Ltd. (Sri Lanka)

Problem Statement 3: Increasing Usage of Financial Products and Services (Solomon Islands – SINPF)

  • YABX (Netherlands/India)
  • BPC Banking Technologies (Australia)

Problem Statement 4: Streamlining Foreign Exchange (Fiji – Vodafone)

  • BPC Banking Technologies (Australia)
  • MHITS Limited (Australia)

Problem Statement 5: Enabling E-Commerce and in-person POS merchant payment services (Fiji – HFC, Samoa – NBS)

  • Card Access (Australia)
  • Windcave (Australia)
  • Brankas (Singapore)
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