The Department for International Trade has launched a ‘Tech for Growth programme’ to enhance the role technology plays across financial services.
The programme focuses on emerging markets, starting with Africa for the first year.
Trade between the UK and Africa will be enhanced through networking, private and public partnerships, and in-country capacity building.
It will establish a UK-Africa Tech for Growth community.
What does this mean?
The programme aims to deepen UK trade relationships with emerging markets and increase access to financial services where it is currently limited. Research will look at market access barriers and how technology can help resolve challenges. Following the pilot year the programme will look to expand to South East Asia and Latin America.