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Global digital payments leader Visa is co-hosting the Dubai Fintech Summit on May 8-9.
“Fintech is driving innovation in the payments industry, helping to expand access to quality, affordable financial services and innovative payment solutions. At Visa, we are empowering fintech companies to help grow the digital economy for the benefit of the region’s consumers and businesses.
Dr Saeeda Jaffar, Visa Senior Vice President and Group Country Manager, said: “Our partnership with DIFC’s Dubai Fintech Summit provides a platform for us and our industry partners to explore how we can continue to excel in digital commerce together. Bringing innovation, thereby enhancing the profile of everyone.” GCC region.
digital payment
According to Visa, four out of five consumers in the UAE surveyed would switch merchants based on the payment method offered, with the majority preferring digital payments over cash.
Dr Jaffar added: “Unprecedented digitization during the pandemic has changed consumer expectations. This shift has prompted businesses to react quickly, and fintech companies are helping to develop the solutions businesses need to remain competitive in a digital-first world .
“At Visa, we remain committed to growing digital commerce by providing fintech companies with access to our experts and technology through initiatives such as the Fast Track program, so they can more easily create solutions for businesses that deliver faster, Safer ways to pay and manage their spending and access working capital. We also work with fintech leaders to embed finance into key categories that are increasingly popular with consumers, such as digital wallets and ‘buy now, pay later’ .”
Global Innovation Center
With 60% of GCC fintech companies currently based in Dubai and DIFC, they are recognized as global innovation hubs, with their unique ecosystems and comprehensive business approaches not only driving the future of finance, but increasingly Promote the future economy in many places.
Mohammad Alblooshi, Head of Innovation Center and FinTech Hive, DIFC, said: “As we continue to position Dubai as a global fintech hub, Visa’s expertise and leadership in the digital payments industry will undoubtedly contribute to the overall development of the fintech ecosystem. Their participation is “expected to bring unique insights and perspectives to the summit’s discussions and debates. Additionally, Visa’s presence at the event underscores the summit’s importance in driving fintech innovation and growth globally. “
Organized by DIFC, the (MEASA) region’s leading international financial center, the summit will bring together 5,000 global fintech and technology experts and will provide the perfect environment for start-ups, investors and industry leaders to Take advantage of this opportunity in the region and beyond. — trade arab news agency
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