Participation of Turkish Companies in the Singapore Fintech Festival

Dear Member,

In the letter sent to our Chamber by TOBB, with reference to the letter of the Ministry of Trade dated 30.07.2023 and numbered 87676642, the letter referenced above, with reference to the letter received from the Embassy in Singapore, states that the "Fintech Festival" will be organized in Singapore on 15-17 November 2023 by Elevandi (https://www.elevandi.io/), a company established by the Monetary Authority of Singapore (MAS) to promote dialogue between the public and private sectors in support of the digital economy and financial technology.

The letter further states that officials of the said company wish representatives of relevant institutions and companies to participate in the Fintech Festival, that they also attach importance to countries opening national stands, and that, in this context, they also provide price discounts where necessary.

In addition, our Embassy in Singapore has conveyed that the participation of representatives of our organizations in the Fintech Festival would be beneficial both for showcasing our country's expertise in financial technology and for addressing opportunities for cooperation between Türkiye and Singapore, and that, furthermore, opening a national stand would be useful in the context of our country's goal of having a greater presence in the financial technology markets of Southeast Asia.

Should our companies and cooperation organizations participate in the said event with a stand, the individual participation, promotion and transport expenses specified in the Circular on the implementation procedures and principles of Decision No. 5447 on the Internationalisation of the Turkish IT Sector and the E-Turquality (Stars of Informatics) Programme may be supported at a rate of 70% and up to 600.000 TL per event. In addition, it is also considered possible for national participation to be organized by cooperation organizations and fair organizers approved by the Ministry.

In this context, representatives of institutions/companies interested in the said event may visit the website https://www.fintechfestival.sg/ for detailed information and contact our Commercial Counsellor's Office in Singapore ([email protected]).

Kind regards,

Elazığ Chamber of Commerce and Industry