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Bybit Highlights Financial Inclusion at Inclusive FinTech Forum

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by Giorgi Kostiuk

3 hours ago


At the Inclusive FinTech Forum in Kigali, Bybit representatives discussed with industry leaders the importance of financial inclusion and cross-border payments for small and medium-sized enterprises.

Bybit's Participation in the Forum

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, participated in the Inclusive FinTech Forum held at the Kigali International Financial Centre. Bybit's Chief Legal & Compliance Officer, Robert MacDonald, was a featured speaker in the roundtable session on providing SMEs with inclusive access to cross-border currency flows.

Key Topics of the Session

The session focused on SMEs' cross-border business opportunities, currency fluctuation risk management, and payment security. Esteemed panelists included representatives from Africa's central banks and financial organizations, moderated by Valence Kimenyi from the National Bank of Rwanda.

SMEs make up approximately 90% of businesses in Rwanda, yet they still face significant challenges in accessing reliable financial products and cross-border payment solutions.Robert MacDonald

Role of SMEs in Global Economy

Robert MacDonald emphasized that SMEs are the backbone of economic growth, requiring regulatory clarity and collaboration among industry stakeholders to support their expansion. By combining efforts from regulators, fintech providers, and financial institutions, an inclusive financial ecosystem can be created.

The Inclusive FinTech Forum provided an important platform for discussing and shaping directions for advancing financial inclusion and supporting SMEs on the global stage.

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