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Daily Briefing

India’s PM launches fintech API exchange in Singapore

Nov 14, 2018 by The Passage Team
India’s PM launches fintech API exchange in Singapore

Indian Prime Minister Narendra Modi launched API Exchange (APIX), an online marketplace and sandbox for fintech-related APIs, at the Singapore Fintech Festival on Wednesday.

Developed by the ASEAN Financial Innovation Network – a group headed by the Monetary Authority of Singapore, the ASEAN Bankers Association, and the World Bank’s International Finance Corporation – APIX will allow fintech businesses and financial services providers to discover potential partners.

Modi told attendees that APIX would facilitate collaboration between startups and other enterprises in India, Southeast Asia, and the rest of the world, helping to drive financial innovation and inclusion.

Source: Tech in Asia

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