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23 Jun, 2023
1 min time to read

Second edition of Dubai FinTech Summit set for 6 - 7 May 2024.

Dubai International Financial Centre (DIFC) has successfully concluded the first edition of the Dubai FinTech Summit, attracting a record-breaking attendance of 5,300 visitors from 92 countries.

The first edition, held under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, showcased the growing importance of digital banking services, e-commerce, and contactless payments in the region.

As the population transitions from cash to digital payment methods, the inaugural Dubai FinTech Summit highlighted the importance of accelerated investment in digital banking services, e-commerce websites, and contactless payments.

According to Visa, four out of five UAE consumers surveyed prefer digital payment methods over cash and are willing to switch sellers depending on the payment options available. This underscores the growing demand for innovative financial solutions in the country.

Mohammad Al-Blushi, CEO of DIFC Innovation Hub, expressed his excitement about the success of the first summit and Dubai's rise as a leading fintech innovation hub. He stressed the importance of the event in bringing together industry leaders and experts to discuss opportunities and shape the future of finance.

During the summit, industry experts shared valuable insights, highlighting the role of artificial intelligence in improving investment portfolios and banking services. They also praised the UAE's forward-thinking approach to economic diversification and its focus on attracting human capital and talent.

The summit was supported by key sponsors and partners, including Visa, e&, Geidea, Finvasia, Emirates NBD, Paxos, Standard Chartered Bank, Ripple, Fasset, atPay, Dubai Financial Market, Commercial Bank of Dubai, and Huawei.

The second edition of the Dubai FinTech Summit is scheduled to take place on 6-7 May 2024, with a promise to have an even greater impact on shaping the future of fintech in the region. The event will continue to bring together leading companies and industry professionals to push the boundaries of innovation and drive the fintech industry forward.