Amazon Payment Services moderates a discussion on the future of digital currencies at FinTech Week 2022 at the Dubai International Financial Center

During the event, Amazon Payment Services experts presented an “Innovative Marketing Ideas Contest”, which allowed entrepreneurs in the region to market their innovative ideas to businesses.

Companies that chose to engage with Amazon Payment Services during the two-day event received exclusive access to the DIFC FinTech Week offer without any transaction fees and their own account manager.

Dubai, United Arab Emirates: Amazon Electronic Payment Services, a provider of electronic payment processing and management services in the Middle East and Africa, participated in the first issue of FinTech Week at the Dubai International Financial Center. The event delved into the latest opportunities, challenges and technology trends driving the development of the financial services sector in the region.

During FinTech Week, Amazon e-Payment Services hosted an “Indeed Marketing Contest for Beginners”, which saw industry leaders and innovators present their business ideas to a panel of senior APS CEOs. The winning team then explored potential business opportunities with the Amazon Payment Services team. In support of businesses of all sizes, Amazon E-Payment Services has launched the “Dubai International Financial Center Fintech Week Offer”, which exempts new companies that choose to trade with Amazon E-Payment Services from paying any transaction fees up to 200,000 AED, as well as On the appointment of their own account manager to expedite the enrollment process.

The event also witnessed the interaction of Amazon senior officials for electronic payment services in talks with a number of prominent participating figures of leaders, innovators and innovators working in the field of financial technology in the Middle East and North Africa region . Discussions centered on how digital currencies can be successfully and securely integrated into the payment options available in the region, with the aim of increasing efficiency and expanding the options available to businesses and customers in the region.

Peter George, Managing Director of Amazon Payment Services, said: “As the online payment landscape continues to evolve, we remain focused on exploring the role that digital currencies can play in payments. We believe that payments will become even faster thanks to new technologies. We are excited about the DIFC’s interest in innovation and the development of the future of FinTech, led by Arif Amiri, CEO of the DIFC Authority, and we look forward to growing our mutual cooperation through the Innovation Center at the DIFC. ”

During the conference, Mohamed Imtiaz, Head of Business Development at Amazon e-Payment Services, moderated a seminar highlighting how innovation in e-payment services will make way for digital payments. Srinath Hariharan, head of product management at Amazon for electronic payment services, participated in a discussion session at FinTech Week, which discussed the development of the “Buy Now, Pay Later” service and its implications for companies and their customers. .

Amazon’s participation in electronic payment services at the Fintech Week 2022 at the Dubai International Financial Center is in line with its commitment to the interaction and nurturing of various financial technology communities to online retail and business fields on a larger scale in the Middle East and North Africa through “Amazon Fintech Lab”, which It is a hub for digital innovation and creativity in the heart of the Dubai International Financial Center and the FinTech Center.

The “Amazon Fintech Lab” witnesses the organization of many activities as Amazon Electronic Payment Services collaborates with innovators, beginners and partners to support new programs and ideas and raise awareness and knowledge about electronic payments and the financial technology sector around the world. Through Amazon Fintech Lab, Amazon Electronic Payment Services provides support to beginners through supervision and training in both technical and non-technical fields to accelerate their growth by offering collaboration opportunities with Amazon. This initiative marks Amazon’s latest effort for electronic payments services to support the financial technology field in the region, by providing a forum for electronic payments trading and increasing the future of the financial technology sector through innovation through multiple partnerships.

It is noteworthy that Amazon e-Payment Services is an integrated payment solution that supports merchants beyond payments, through data-driven knowledge, a wide range of services, advanced technology, value-added services, as well as a strong and growing network of partners across the world. Region. By innovating on behalf of their merchants and facilitating local and global payments, APS enables these merchants to grow their core businesses while expanding more easily to new countries.

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Amazon e-Payment Services is a leading e-payment services company in the Middle East and North Africa that aims to provide online businesses with an easy, cost-effective and reliable online payment experience. Amazon Payment Services is designed to allow businesses to establish and enhance their online presence with secure and easy-to-use digital payment services and solutions; Includes tokenization technology, local payment systems, third-party services that include advanced fraud detection tools, installment plans such as Buy-Now-Pay-Later, digital wallets and reporting APIs for reporting, as well as providing advanced data on consumer payments.

For more information on Amazon Payment Services, please visit paymentservices.amazon.com and follow us on Twitter, Facebook and LinkedIn.

For media inquiries, please contact:

Noor Abulban

Director of Public Relations

Gambit Public Relations

+971 50 1795917

Nour@gambit.ae

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