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Our team at M-DAQ loves meeting people from around the world. In August, we were invited by the Monetary Authority of Singapore (MAS) to play host to the Seychelles delegation during their official study trip organised by the UNDP Global Centre for Technology, Innovation, and Sustainable Development.

As a MAS Innovation Lab, the M-DAQ Centre of Excellence (CoE) works closely with MAS to put Singapore on the map in the global fintech industry, and we were happy to share our journey and the work we are doing with the Seychelles delegates.

In our dialogue session, we spoke about what government bodies and institutions can do to drive growth in digital finance services. Creating a conducive environment, along with incentives for startups and talent development were some examples raised. It was acknowledged that Seychelles and Singapore shared certain similarities, both being small island nations, and recognised that strategic efforts and planning are needed to bring about such progress and change.