Dubai, UAE— Dubai Chamber of Commerce has unveiled a new financial technology (fintech) and payments business group to join the forces of all companies within the fintech and payments sector.
The new entity aligns with the Chamber’s plans to raise the number of business groups representing economic sectors across Dubai in order to foster their competitiveness and reinforce the emirate’s sustainable development.
Also read: 27,100 new companies join Dubai Chamber of Commerce till Aug 2022
The launch of the new business group is part of the chamber’s plans to increase the number of business groups that represent economic sectors and activities in Dubai, ensuring all industries and economic activities are represented to boost their competitiveness and drive Dubai’s sustainable development.
The new group will be instrumental in supporting Dubai companies and providing members with key insights and analysis on trends across the fintech ecosystem to leverage policy and regulatory change recommendations and benefit from new financial technology advancements.
Also read: Dubai Chamber members’ exports and re-exports $35bn in H1
Commenting on the launch, Maha AlGargawi, Executive Director of Business Advocacy at Dubai Chambers, said, “Business groups are an important component in creating a supportive, enabling and world-class business environment in Dubai. Through continued transparent discussions, the business group will be able to support essential policy changes that will facilitate and improve the ease of doing business in Dubai and cement the emirate’s position as a dynamic and global business hub.”
It will focus on ways to adopt the highest standards in providing businesses financial services and payment solutions.
Business groups are reliable advocates for their respective sectors and play a crucial role in recommending policy changes to improve a sector’s competitiveness and attractiveness while promoting international best practices and supporting economic growth.
Dubai Chamber of Commerce plans to increase the number of economic sectors and activities represented by business groups to 100 by March 2023.