MEFTECH 2019 to support fintech growth in KSA

MEFTECH, the longest-running banking and financial technology event in the MENA Region, will return to Riyadh from Feb. 2425 at the Four Seasons Riyadh for its second edition in the Kingdom. MEFTECH is initiated by mada, the national payment network, and SADAD Payment and aims to highlight and support the rapidly developing payments, e-commerce and retail industry in the Kingdom.

The fintech industry is an integral part of the Kingdom’s Vision 2030 digital transformation program. According to a recent study by MENA Research Partners ( MRP), private-funding investments in GCC-based fintech startups is expected to reach $2 billion in the next decade, and the number of fintech companies across the MENA region is expected to double from 130 to 260 over the next two years.

MEFTECH 2019 presented by STC Pay will address trends and issues within the fintech sector focusing on digital economy, blockchain, mobile payments and artificial intelligence ( AI) within the e- commerce industry. This edition also marks the launch of the MEFTECH Innovation Awards, which celebrate the achievements and innovation in the Saudi Arabian fintech ecosystem. The awards will recognize the best local bank or financial institution within 10 difffffferent categories and the winners will be selected by the panel of independent expert judges.

MEFTECH Payments will have a dedicated Fintech Start-Up Zone in partnership with Fintech Galaxy — a MENA- focused digital crowdsourcing platform that connects Fintech entrepreneurs