Among the key sponsors of the event was Idbar Bank, one of Bahrain’s leading wholesale Islamic investment banks. Chief Executive Office Ayman Sejiny, who represented the Idbar Bank at the Summit, underlined the “rapidly evolving” payment processing and e-payment technologies while adding that the ePay Summit 2018 is a great platform to address the challenges and opportunities brought along by disrupting financial technologies.
“FinTech is all about financial inclusion. However, success in financial inclusion entails reaching out globally to individuals and small businesses with products that go beyond payments and that can significantly improve their financial lives. Banks in Bahrain can use FinTech to sell products to a potential 1.6 billion new customers in emerging economies,” said Sejiny.
Hosted at Ritz Carlton, the Summit is yet another promising initiative by the Kingdom aimed at strengthening the homegrown FinTech sector while simultaneously making a name for the country as the leading financial hub in the Middle East and Africa.
The event saw businesses representing a variety of sectors including FinTech, banking, retail, e-commerce, and ICT, coming together to share their knowledge and experiences with innovation, customer adoption, usability, e-payment infrastructure, cybersecurity, and technological disruption, just to name a few.