Sole Fintech has brought international acclaim to Fiji by securing runner-up status at the Alliance for Financial Inclusion Global Policy Forum held in Namibia. This success comes as a significant milestone for Sole Fintech, one of only five finalists chosen from numerous member countries of the Alliance for Financial Inclusion. The company’s innovative approach has highlighted Fiji’s potential in the financial technology space, particularly for enhancing financial inclusion.
Chief Executive Mereia Volavola emphasized the importance of this achievement, noting that it underscores the company’s commitment to attracting over 80,000 investors and expanding its influence across the region. Their goal is to include marginalized groups and those in rural communities, ensuring they are not left behind in financial advancements. The theme of this year’s competition, “Utilizing open finance frameworks to catalyze data sharing and collaboration for financial inclusion impact,” provided a platform for demonstrating the potential of technology in addressing financial access barriers.
Sole Fintech’s success resonates with Fiji’s growing presence in the global FinTech landscape, reinforcing the country’s commitment to advancing financial inclusion through technological innovation. This achievement follows closely on the heels of other notable accolades within Fiji’s financial sector, such as the Reserve Bank of Fiji receiving the prestigious Nestor Espenilla Jr Financial Inclusion Innovation Award. This award was given in recognition of their exemplary use of technology to enhance financial inclusion on a global scale.
Together, these achievements illustrate how Fiji is leveraging technology to create more inclusive financial systems, setting a benchmark not only for Pacific Island nations but also for countries worldwide. The focus on financial inclusion demonstrates a commitment to ensuring that no section of society is left behind, promoting economic growth and empowerment for all citizens. This positive trajectory positions Fiji as a leader in financial innovation, with the potential to inspire similar initiatives across the region and beyond.
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