Australia Eyes $12 Billion Boost Through Digital Finance Innovation
New research unveiled at the Australian Digital Economy Conference in Queensland underscores the vast economic potential that lies in advancing Australia’s digital finance sector. With key opportunities in foreign exchange and cross-border payments, the study estimates that strategic innovation could generate annual gains worth billions of dollars across multiple financial markets.
Australia already has strong financial institutions and advanced tech capabilities, but progress is being stalled by outdated infrastructure and regulatory uncertainty. To unlock the projected US$12 billion in annual value, the nation must modernize its systems and provide clear, forward-looking regulations.
The report calls for urgent collaboration between industry players and policymakers to remove existing roadblocks and position Australia as a global leader in digital finance. Swift, coordinated action is essential to seize this opportunity and drive long-term prosperity in the digital economy.