Policy Update

UK Department for International Trade launches new Tech for Growth program to support expanded access to financial services

The UK Department for International Trade (DIT) launched on July 27th a new 'Tech for Growth' program to support technology that can expand access to financial services. The program will be piloted in Africa, with the aim of rolling it out across South East Asia and Latin America. According to a DIT press release, the program aims in its first year to:

  • Establish a UK-Africa community – that will promote partnerships between UK and African technology and financial services companies
  • Support commercial opportunities for enhanced trade in FinTech through research and assistance to overcome key barriers
  • Support the growth of the FinTech market between Africa and the UK

Press release – UK Department for International Trade