Apollo Aims to Bring Fintech to Asia Pacific Region

by Marvin Dumont

Apollo Fintech’s recent partnership with blockchain startup Sovereign Union serves as a springboard for Apollo to introduce e-government solutions to 26 countries in Pacific island territories.

The proposed fintech solutions include National Payment Platform which enables the issuance of Central Bank Digital Currencies (CBDC). Pacific-area territories have a mostly unbanked population and fintech applications help local communities march towards an efficient and cashless economy.

Most Pacific territories use physical U.S. dollars for daily settlements and without access to modern infrastructure or banking systems. Use of CBDCs can bring financial inclusion to under-banked communities, and pave the way for economic modernization. This can facilitate efficiencies of scale, more commercial activity and international trade.

Sovereign Union currently has pilot blockchain programs in Palau and Micronesia.

Learn more at aplfintech.com.



World-Shaping solutions for a global economy www.aplfintech.com

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