Amazon Payment Services Drives Discussions on the Future of Digital Currencies at DIFC Fintech Week 2022

This week, Amazon Payment Services, a regional leader in digital payments operating in the Middle East and North Africa (MENA), participated in the first DIFC Fintech Week 2022. DIFC Fintech Week, the Thought Leadership Conference, delves into the latest information. Opportunities, challenges, and technology trends to drive the regional financial services sector.

During DIFC Fintech Week, Amazon Payment Services hosted the Startup Pitch Competition, witnessing industry entrepreneurs and innovators marketing their business ideas to the senior management panel of Amazon Payment Services. The winning team then sought potential business opportunities with the Amazon Payment Services team.

Supporting businesses of all sizes and deploying Amazon Payment Services Announced “DIFC FinTech Week Offer” limited to new businesses registered during the event.This offer enables new businesses In addition to getting help from a dedicated account manager to quickly track onboarding, you can enjoy a 0% transaction fee up to a value of AED 200,000.

Throughout the event, Amazon Payment Services executives spoke with fintech leaders, innovators, businesses, investors, and policy makers throughout MENA. Discussions were held on how to securely and successfully integrate digital currencies into the payment options available in the region in order to increase efficiency and expand the options available to local businesses and their customers.

Peter George, Managing Director of Amazon Payment Services, said: We believe that new technologies will enable fast, secure and cheap payments, and we aim to be part of this future in ways that improve the convenience and choices of both our business and our customers. Under the leadership of Arif Amiri, CEO of DIFC Authority, we look forward to DIFC driving innovation around the future of FinTech. We also look forward to expanding our collaboration with them through the DIFC Innovation Hub. “

During the meeting, Mohamad Imtyaz, Head of Business Development at Amazon Payment Services, led a TechTalk session highlighting how payment service innovation can pave the way for digital payments. Srinath Hariharan, Head of Product Management at Amazon Payment Services, also participated in a panel discussion on DIFC Fintech Week 2022 to discuss the evolution of “buy now” and “pay later” and the impact on companies and their customers.

Amazon Payment Services’ participation in DIFC Fintech Week is in line with our commitment to engaging and nurturing FinTech, online retail, and the broader business community throughout MENA through the Amazon Fintech Lab. A digital innovation hub based in the heart of Dubai’s financial and fintech centers.

As part of the activities underway at Amazon Fintech Lab Amazon Payment Services works with innovators, start-ups and partners to support new programs and ideas and deepen their knowledge of the digital payments and fintech sectors around the world. Through Amazon Fintech Lab, we support startups by providing mentorship and training in both technical and non-technical areas and accelerating growth through partnership opportunities with Amazon. This initiative is the latest initiative of Amazon Payment Services to support fintech in the region by providing a forum for discussing the future of the digital payments and fintech industry and driving innovation through partnerships.

A comprehensive payments solution, Amazon PaymentServices supports merchants beyond payments through data-driven insights, enhanced service portfolios, advanced technology, value-added services, and a strong regional network of partners. increase. Amazon Payments Services will innovate on behalf of merchants and promote local and global payment methods to help merchants focus on their core businesses while growing and easily expanding into new countries. To