February 19. 2020, Riyadh, Saudi Arabia:

Saudi Arabia will host the third edition of Middle East Financial Technology Exhibition and Conference “MEFTECH”, in patronage of Saudi Arabian Monetary Authority Governor HE. Dr. Ahmed bin Abdul Kareem Al Khulaifi, at the Ritz-Carlton in Riyadh, from February 25-26, 2020.

This event is longest running Banking and Finance Technology conference and exhibition in the MENA region, which will be held in a strategic partnership with Mada, the national payment network, and SADAD Payment to support their commitment to enhance the growth of the payment system, the e-commerce and the retail industry in the Kingdom.

This event treats the Kingdom’s goals in achieving 70% of the cashless transaction by 2030. The conference will discuss the latest developments in the digital economy, blockchain, mobile payments and the artificial intelligence within the e-commerce industry that will pave the way for future methods used by banks, institutions, and individuals in the Kingdom. These topics will be highlighted in line of the Kingdom’s boom reflected by 3 billion payment transactions in 2019, estimated at SAR 50 trillion, passed by Mada, SADAD and SARIE.

On this occasion, Ziyad Al Yousef, Managing Director, Saudi Payments said: “Based on Fintech Saudi initiative, the Kingdom continues in its efforts to be transformed into an innovative Fintech hub with a thriving and responsible ecosystem driven by local and international stakeholders. The Saudi government implemented multiple reforms to promote the digitalization of financial services and drive towards a cashless society. This move is part of the Financial Sector Development Program, which is one of the kingdom's vision 2030. MEFTECH 2020 will continue our journey as an ideal platform to bring together the industry experts and the government representatives to enhance the discussions, bring new ideas, and industry-changing technologies within the Fintech industry.”

MEFTECH 2020 will be held in the joint sponsorship with STC Pay and attract 1,000s of attendees from banks, government departments, financial institutions, and enterprises large and small who will come to share knowledge, network and the business practice.

Ahmed Al Enazi, Vice President of Business, from STC Pay, a leading digital financial services company in the Kingdom and sponsor of MEFTECH 2020 said: “It is essential for the Kingdom to steadily shift towards a cashless society as it enables transparency within the financial sector and supports modernization of payments infrastructure, which is the key catalyst for the economic development. STC Pay is a significant step towards digitizing and building a safe and seamless payments service across the Kingdom. At STC Pay, we aim to provide new and innovative technologies and digital experiences to our customers and empower individuals to take full control of their finances.”

Over the years, the event has brought together more than 12,000 senior financial industry executives and over 1,000 innovative technology providers from across the region to conduct business. MEFTECH is supported by platinum sponsors Banque Saudi Fransi and Digitial Cash International (DCI), payment technology partner MasterCard. To find out more about the conference agenda, showcase your company’s products and solutions or to participate in round-table discussions, competition and awards, visit: www.meftechksa.com.

Victoria Johnson, Head of PR

Mobile +971569327530 

Email v.johnson@onecmg.com