MEFTECH 2019 to address trends in Saudi fintech sector

The second edition of the banking and financial technology event, MEFTECH, will be held in Riyadh from Feb. 24-25, 2019, at the Four Seasons.

The event 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.

MEFTECH 2019 will address trends and issues within the fintech sector focusing on digital economy, blockchain, mobile payments and artificial intelligence within the e-commerce industry.

This edition also marks the launch of the MEFTECH Innovation Awards, which will celebrate and honor the achievements and innovation in the Saudi Arabian fintech ecosystem.

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 to financial institutions.

“MEFTECH Payments will provide an ideal platform to bring together industry experts and Government representatives to further advance these discussions and bring new ideas, and industry-changing technologies within the fintech industry,” Ziyad AlYousef, managing director, Saudi Payments said.

“STC Pay is a significant step towards digitizing and building a secure, 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,” Ahmed Alenazi, vice president of Business, from STC Pay, said.

Over the years, the event has brought together more than 8,000 financial industry executives and over 1,000 technology providers in Saudi Arabia, Bahrain, Dubai and Abu Dhabi.