The digital finance industry involves multiple sectors and professions, each with their standards, approaches, and viewpoints. It is a competitive and fast-moving industry, often with dominant actors and battling disruptors. Outdated and disjointed policy and regulatory frameworks, flawed infrastructure, and internet and power coverage are some of the challenges experienced. The profession is also suffering from under-capacitation, a shortage of skilled staff, and siloes which prevent shared learning. These challenges create a fragmented industry, hindering innovation and advancement, and leaving millions excluded from or being underserved by digital financial services.

Alliance of Digital Finance and Fintech Associations (AllianceDFA) addresses these challenges by establishing and supporting the sustainable growth and actions of country-based Digital Finance and Fintech Associations (DFAs), to shape the ecosystem and drive the inclusive finance industry.

Bringing together and uniting digital finance professionals through DFAs will break down silos and allow learning and best practice to be shared. Having connected, skilled and knowledgeable professionals will create a talent pool easily accessible to employers and global organisations. Connections also create an environment conducive to fostering collaborations and partnerships, and to facilitate a collective voice across the profession advocating for an enabling approach to policy, regulation, and infrastructure. This allows responsible and inclusive digital financial services to thrive and products and services to improve financial health and resilience.

Our DFA Members  are already empowering and capacitating their members, advocating, catalysing action, and shaping a digital finance ecosystem that allows for greater financial resilience and inclusive economic growth, contributing to the 2030 Sustainable Development Goals.