Saudi-based Geidea becomes the latest sponsor of Dubai FinTech Summit

By Shilpa Annie Joseph, Official Reporter
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Geidea backs DFS

One of the Middle East’s largest FinTech companies, Geidea has become the latest sponsor of the Dubai FinTech Summit that will take place from 8 to 9 May 2023, under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of the Dubai International Financial Centre (DIFC).

The summit will convene 5,000 global FinTech and technology experts to discuss innovations and challenges in the sector, as well as connect start-ups, investors, and industry leaders. The Dubai FinTech Summit will take place at Madinat Jumeirah in Dubai.

Geidea at Dubai FinTech Summit

Geidea, which has a 75 percent market share of the FinTech payment service sector in Saudi Arabia, provides more than 700,000 terminals in the region. During the summit, the company will showcase products, including a newly launched point of sale (PoS).

Dubai FinTech Summit_ Mr. Mohammad Alblooshi
Mohammad Alblooshi
DIFC Innovation Hub & FinTech Hive

“We are delighted to have the support of one of the Middle East’s leading financial services companies. The Dubai FinTech Summit will be a truly global platform, gathering the world’s FinTech community to help shape the future of this rapidly growing sector. As well as providing our partners and participants with an opportunity to showcase their latest innovations, the summit will enable thought leaders to debate, exchange ideas and make important connections, including with investors. We are looking forward to welcoming the global FinTech industry to Dubai, which is reaffirming its position as a global FinTech hub.”

Mr. Sailesh Malhotra, General Manager (GCC) of Geidea, said that, “We are thrilled to announce our participation in the Dubai FinTech Summit. This premier event presents us with a unique opportunity to connect with like-minded industry leaders, exchange innovative ideas, and collaborate to establish a more robust fintech community in the region. We are eager to leverage this platform to expand our knowledge, share insights with our peers and elevate our impact on the FinTech industry in the Middle East and beyond.”

“The FinTech industry has transformed the traditional financial services industry, creating new opportunities for innovation and efficiency. The local regulators have played a phenomenal role in this transition and continue to create a positive impact in the industry, as a next phase in this development we would like to see CB and other regulators increase their engagements and communication with the Fintech players in the industry,” Mr. Malhotra further added.

Dubai FinTech Summit

Dubai FinTech Summit will bring together experts from around 40 sectors related to financial technology including Retail Banks, Government Institutions, Payment Processors, Auditing Firms, and more.

According to the statement, “Organized by DIFC, the summit will spotlight all things impacting the future of finance – from Web 3.0, metaverse and blockchain to decentralized finance, regulation and policymaking, and the greater need for increased financial inclusivity.”

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

Visitors will also be able to meet more than 100 FinTech exhibitors and join a series of panels and fireside chats.

The event will host esteemed local voices such as HE Abdullah Bin Touq Al Marri, UAE Minister of Economy, and HE Essa Kazim, Governor of DIFC.

The impressive roster of speakers at the summit includes Mr. Bill Winters, Group Chief Executive of Standard Chartered PLC, Mr. Brad Garlinghouse, CEO of Ripple, Ms. Melissa Guzy, Co-Founder and Managing Partner of Arbor Ventures, and Mr. Michael Shaulov, CEO of Fireblocks and so on.

Related: Global event ‘Dubai FinTech Summit’ to take place from May 8