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Emirates Post Group has announced the launch of its new fintech division ‘FINTX’ during Gitex Global 2022 in Dubai from 10 to 14 October. During Gitex, the new company will present to the public its new strategy, services, and ambitions for the future.
The new company is focused on building an enhanced and effective fintech ecosystem by transforming existing financial services firms, in addition to launching new ventures with compelling products and forging strategic partnerships with established companies and start-ups.
FINTX will own, oversee and transform Emirates Post Group’s existing financial services companies, which include Wall Street Trading Center LLC and Instant Cash FZE. Wall Street Exchange Center LLC is a UAE based exchange established in 1982 and Instant Cash FZE is a global money transfer operator established in 2004.
as an incubator
Ahmed Mohamed Al Awadi, Managing Director and CEO of FINTX, said: “FINTX will be an incubator for fintech innovation. Through the newly established company, we aim to create a unique fintech ecosystem and enhance the existing The diversity and quality of financial services offered by the company and the new ventures we create. We intend to leverage our strong client base and extensive financial expertise spanning decades across our extensive local and international network to drive the company’s success. “
FINTX is expected to further enrich Emirates Post Group’s portfolio by expanding its footprint in the fintech industry. The new company will focus on building an efficient fintech ecosystem and providing a suitable environment for the collaboration of various fintech services. It will also provide a platform for investors, incumbents and innovators to collaborate and create future digital financial services for the UAE and beyond. – arab trade news agency
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