Ezulwini – Finance Minister Neal Rijkenberg has unveiled the National FinTech Strategy, describing technology as a critical tool in tackling corruption and enhancing transparency in Eswatini’s financial system.
Speaking at the launch, Rijkenberg said the strategy reflects the Kingdom’s ambition to use financial technology to expand opportunities, modernise financial services, and ensure access to financial tools is a right for all citizens.
He pointed to emerging technologies such as mobile money, digital credit, blockchain, and open finance as drivers of global financial change, warning that Eswatini must adapt to remain competitive. “These technologies are no longer distant possibilities; they are present realities reshaping the way economies operate,” he said, noting their potential to close oversight gaps and eliminate loopholes.
The Minister highlighted that FinTech offers wide-ranging benefits, including deepening financial inclusion for women, youth, rural communities, and small businesses. He said the strategy aims to boost innovation, create jobs, increase efficiency, and position Eswatini as a competitive player in the regional and global digital economy.
Key goals of the plan include fostering start-ups through innovation hubs, incubators, and academic partnerships to develop homegrown solutions tailored to national needs. Rijkenberg acknowledged that a significant portion of the population remains unbanked or underserved and said expanding mobile banking, digital wallets, and alternative financing will empower citizens and reduce risks associated with cash-heavy systems.
Regulatory adaptability also features prominently in the strategy. The Minister stressed that innovation must be supported by a forward-looking framework that protects the financial system while allowing growth. He added that continuous dialogue between regulators and the industry is essential for maintaining accountability.
On cybersecurity, Rijkenberg warned of increasing threats as digital finance grows. The strategy includes measures to strengthen protection for citizens and financial institutions through global best practices, capacity building, and public awareness.
Rijkenberg concluded by calling for collective action across sectors. He urged regulators, financial institutions, entrepreneurs, development partners, civil society, and the private sector to work together to ensure the strategy delivers sustainable and meaningful impact.
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