Proxtera launches SME Monetary Empowerment (SFE) programme in Asia & Africa

SINGAPORE, June 28, 2022 /PRNewswire/ — Proxtera, along with the Financial Authority of Singapore (MAS), Worldwide Finance Company (IFC) and the United Nations Improvement Programme (UNDP), has launched an open monetary schooling and motion programme for micro, small and medium enterprises (MSMEs) in Asia and Africa.

The SME Monetary Empowerment (SFE) programme is a digital portal operated by Proxtera that goals to assist MSMEs construct foundational digital monetary literacy expertise, and achieve an excellent understanding of cross-border monetary companies related to MSMEs, to assist them thrive within the post-pandemic digital financial system. Proxtera is proud to be the unique lead working associate for the SFE program.

SFE was rolled out on 14 June with market companions in Asia and Africa, beginning with Ghana, India, the Philippines, and Singapore, and can profit greater than 400,000 MSMEs throughout each areas.

Saurav Bhattacharyya, Chief Government Officer of Proxtera, stated “We’re proud to be the unique lead associate of the programme, and operating the programme workplace that ideates, manages and implements the rollout. The SFE programme stays true to our mission of supporting MSMEs, by upskilling them to know monetary companies and the way finest to faucet into the digital market successfully and globally. SFE gives that first step for people to embark on a journey of digital transformation, the place their understanding and digital competencies mature over time, and so they grow to be a part of an built-in ecosystem that permits them to actually commerce business-sans-borders.”

The SFE programme will cowl three key areas as a spotlight for 2022 – Important Monetary Digital Skillset, MSME Monetary Providers, and Digital Financial system Entry & Development. The inaugural launch gives two certification programs that had been developed in collaboration with UNDP, IFC, MAS, Singapore College of Social Sciences (SUSS) and the World FinTech Institute (GFI):

  1. Foundational Monetary Literacy covers primary monetary ideas and monetary merchandise important for MSMEs.

  2. World Monetary Literacy equips MSMEs with the information to hook up with the digital financial system and increase internationally by leveraging networks, monetary companies, fintech options and digital instruments.

We want to acknowledge the assist that has been obtained from a variety of early sponsors and companions, together with:

(A) Academy Companions: Ant Group, Visa
(B) Regional Companions: Globe Telecom, Digital Pilipinas, Improvement Financial institution Ghana
(C) Group Sponsors: Validus
(D) Group Companions: Bolttech, Coface, Consolidated Financial institution of Ghana, Philippines Division of Commerce and Trade Philippine Commerce Coaching Middle, M1xchange and GlobalLinker

Companies will be capable of obtain a digitally verifiable certificates issued by SUSS and GFI, that grants entry to monetary companies instruments and information companies by way of a useful resource hub.


Proxtera is an open and impartial hub connecting B2B marketplaces, service suppliers, and commerce associations digitally to simplify and amplify commerce for small and medium enterprises (SMEs). Proxtera’s mission is to rework Enterprise to Enterprise commerce utilizing expertise to make marketplaces environment friendly and discoverable globally, to allow holistic cross-border commerce by way of companies for financing and success, empowerment, and monetary trust-building.

Proxtera was launched in 2020 because the commercialization of the Enterprise sans Borders (BSB) initiative by MAS and the Infocomm Media Improvement Authority (IMDA). BSB seeks to develop a world digital infrastructure that may assist to extend cross-border commerce alternatives and improve digital and monetary inclusivity for SMEs within the underserved world B2B e-commerce market house.

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SOURCE Proxtera

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