International Chamber of Commerce (ICC-UAE) has announced partnership with the upcoming PayExpo Mena in Dubai, UAE, a major summit which will focus on the innovations in the payments sector.

More than 1,000 global financial technology (fintech) experts will discuss the revolutionary changes in the payments industry during the event running from December 5 to 7 at Intercontinental Festival City.

With a UAE network of over 250,000 companies, ICC-UAE is the largest national representation of UAE commercial enterprises. The partnership with PayExpo Mena is in line with ICC-UAE’s aim to represent the local business community at the global level, and promotes its competitiveness in international business.

After a period of massive growth, payment solutions in the GCC now account for approximately 40% of all fintech business, which makes PayExpo Mena a very timely review of opportunities and challenges in the financial services, retail, transport, mobile and leisure markets – from enhancing and encouraging the global fintech and ecommerce scene, to revolutionising mobile financial services and banking around the world.

With RTA as a host partner, and Etisalat as a major sponsor, PayExpo Mena is supported by leading regional and international organisation such as Accenture, Uber, Standard Chartered and World Bank, to name a few.

With a global network of 6.5 million members, ICC-UAE is hosted by the Federation of UAE Chambers of Commerce and Industry.

ICC-UAE secretary general Hassan Al Hashemi said: “The ICC UAE supports the UAE’s goal to become a predominantly cashless society and the increasing innovations in ecommerce and banking technology. In the UAE, the financial services industry is currently facing a wave of change thanks to rapid advances in technology, for example, all UAE banks have joined together to launch a digital wallet. We are delighted to be partnering with PayExpo Mena for the insight this summit will bring into the current evolution in the payments industries.”

Among the topics to be covered at PayExpo Mena, Blackberry’s participation will explore the strengths and pitfalls of digital currency, which are very much in their infancy in the region; Emirates NBD’s will address the security issues around payment systems -  Marka VIP - the largest ecommerce retailer in the UAE – will explain what they are doing to stay ahead of the competition, while the speaker from Etisalat will deliver payment leaders predictions.

In addition Khaled Abdul Rahman Al Awadhi, Director of the Dubai Road and Transport Authority (RTA) automated collection systems department, will provide the latest industry updates on Dubai’s achievements as a smart payment city.

Mike Seaman, show director for PayExpo Mena, said: “We’re extremely pleased that ICC-UAE is partnering with this summit and supporting so many payments innovators from the region and across the world on our conference programme at PayExpo Mena. Delegates will certainly learn from the best in their field.”

Complimentary passes are available for those involved with specifying payments solutions in:  retail banks; investors and venture capitalists, merchants; mobile network operators, gaming executives, transport operators, hotel and leisure, start-ups and non-government authorities. – TradeArabia News Service