One of the three chambers functioning under the name of Dubai Chambers has recently launched Financial Technology and Payments Business Group on 26th December 2022.
The team's goal is to unite enterprises of all levels in the financial technology and transactions sectors to foster debate, urge legislative reform, and advertise the emirate as a fiercely competitive worldwide commercial center.
The establishment of the latest business association is the portion of the chamber's strategy to grow the number of corporate groups that portray areas of the economy and operations in Dubai, guaranteeing that all businesses and economic forces are depicted to improve competitive strength and push Dubai's long-term development.
The new organization will play an important role in assisting Dubai firms and giving users essential data and information on trends throughout the fintech ecosystem, allowing them to exploit policy and legislative reform suggestions and profit from new fintech breakthroughs.
Maha Al Gargawi, executive director at Dubai Chambers, stated, "Industry groups are critical in fostering a collaborative world-class business climate in Dubai. The industry group will have the opportunity to advocate critical policy reforms that will simplify and increase the economic competitiveness in Dubai, as well as solidify the emirate's reputation as a vibrant and global commercial hub, via ongoing transparent conversations."
The Financial technology and Transactions Trade Association will concentrate on methods to implement rigorous quality in delivering banking services and payment systems to companies.
Business organizations are trustworthy representatives for their specific industries. They play a crucial role in suggesting policy reforms to increase an industry's efficiency and desirability while promoting worldwide best practices and fostering productivity expansion. The Dubai Chamber of Commerce intends to raise the number of industrial sectors and activities supported by industry groups to 100 by 2023.
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