Thyngs selected for FinTech initiative in Australia

NFC technology platform venture Thyngs is among the companies selected to join the UK Government-backed international FinTech Bridge pilot programme in Australia and Hong Kong. 

The 10-month schemes are designed to boost innovation in the sector and build on the Department for International Trade (DIT) and HM Treasury’s existing FinTech Bridge agreements with the two countries. Thyngs is one of 10 companies in the Australian cohort, while another 10 will travel to Hong Kong. All participants will participate in a series of activities and receive support from the DIT, including mentoring and networking advice, until November. 

Jamie Conyngham, Managing Director APAC at Thyngs, adds: “We’re seeing payments by phone soar across Asia and in Australia, where about 90% of payments are made using contactless technology. We believe that as well as Australia, DIT will be a partner for other countries in the region to help us with expansion by facilitating important, tailored introductions and advice.”

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