Global Digital Payments Leader Visa Joins Dubai FinTech Summit as Co-Host

The Dubai FinTech Summit welcomes Visa as a co-host sponsor for the two-day event taking place on 8 and 9 May this year. Visa is a global leader in digital payments, connecting the world through the most innovative, convenient, reliable and secure payment network, enabling individuals, businesses and economies to thrive.

Dr. Saeeda Jaffar, Visa’s Senior Vice President and Group Country Manager for the GCC region, said:

“FinTechs drive innovation in the payments industry that helps expand access to quality, affordable financial services and innovative payment solutions. At Visa, we empower FinTechs to help grow the digital economy for the benefit of consumers and businesses in the region. Our partnership with DIFC’s Dubai FinTech Summit gives us and our industry partners the platform to explore how we can continue to collectively bring innovations in digital commerce that lift everyone, everywhere.”

According to Visa, 4 out of 5 consumers surveyed in the UAE would switch merchants based on the payment methods offered, with most preferring digital payments over cash.

Dr. Jaffar added:

“The unprecedented digitization during the pandemic has changed consumer expectations. This shift is forcing businesses to react quickly, and FinTechs are helping to develop the solutions businesses need to be competitive in our digital-first world. At Visa, we remain committed to increasing digital commerce by giving FinTechs access to our experts and technology through initiatives like the Fast Track program, so they can more easily create solutions for businesses to offer their customers faster and more secure ways to pay and manage their spending and get working capital. We work also with FinTech leaders to embed finance across key categories such as digital wallets and ‘Buy Now, Pay Later’, both of which are increasingly popular with consumers.”

Currently home to 60 percent of all FinTech companies based in the GCC, Dubai and the DIFC are recognized as a global center for innovation, with their unique ecosystem and comprehensive approach to business, driving not only the future of finance, but increasingly the future economy.

Mohammad Alblooshi, Head of the DIFC Innovation Hub and FinTech Hive, said:

“Organized by DIFC, the leading international financial hub in the (MEASA) region, the summit will bring together 5,000 global FinTech and technology experts and will provide the perfect environment to connect start-ups, investors and industry leaders who are taking advantage of this opportunity as they progress in the region and beyond.”

Dubai FinTech Summit will take place at Madinat Jumeirah in Dubai. Visitors can now purchase tickets to the Dubai FinTech Summit, with early bird pricing available until 15 April 2023.

About Dubai International Financial Center

The Dubai International Financial Center (DIFC) is one of the world’s most advanced financial centers and the leading financial hub for the Middle East, Africa and South Asia (MEASA), comprising 72 countries with an approximate population of 3 billion and an estimated GDP of 8 trillion dollars.

With a nearly 20-year track record of facilitating trade and investment flows across the MEASA region, the center connects these fast-growing markets with the economies of Asia, Europe and the Americas through Dubai.

The DIFC is home to an internationally recognized independent regulator and a proven legal system with an English common law framework, as well as the region’s largest financial ecosystem with over 36,000 professionals working across over 4,300 active registered companies – making up the largest and most diverse pool of industrial talent in the region.

The centre’s vision is to drive the finance of the future through ground-breaking technology, innovation and partnership. Today, it is the global future of finance and innovation hub offering one of the region’s most comprehensive FinTech and venture capital environments, including cost-effective licensing solutions, tailored regulation, innovative accelerator programs and growth start-up funding. -oops.

Comprised of a range of world-renowned retail and dining venues, a dynamic arts and culture scene, residential apartments, hotels and public spaces, DIFC continues to be one of Dubai’s most sought-after business and lifestyle destinations.

For more information, follow DIFC on LinkedIn and Twitter.

About Visa

Visa (NYSE: V) is a global leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities in more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payment network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere lift everyone everywhere and see access as fundamental to the future of money movement.

Learn more on the Visa MENA blog.

About Trescon

Trescon is the world’s fastest growing business-to-business events, training, marketing and consulting company that primarily focuses on adopting sustainability, inclusive leadership and new technologies such as artificial intelligence, blockchain, metaverse, cloud, fintech, data analysis and cyber security.

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