XS.com, the global FinTech provider and financial services advisory, announced today that it will be the Global Titanium Sponsor of the Forex Expo Dubai 2023, scheduled for 26 and 27 September.
XS.com announces sponsorship for Forex Expo Dubai 2023
Last week, the FinTech company acted as the Global Sponsor of the Traders Fair South Africa on 16 September, which aimed to network the various traditional banking, insurance, investment and alternative FinTech innovations across the globe.
Commenting on XS.com’s upcoming sponsorship, Andreea Ilies, XS.com Global Head of Events, stated:
The Fintech landscape in the UAE has been steadily growing in prominence in recent years, with the country now being a leader in its field in the Middle East. […] Our collaboration with the esteemed organizers at HQMENA reflects our unwavering commitment to initiatives that intricately connect the finance-focused professionals of the UAE.
A recent study from Visa, the global multi-card payment company, noted that the UAE has shown a particularly rapid growth in the number of burgeoning start-ups, microbusinesses, small businesses and FinTech companies in the last few years. According to Visa’s findings, 100% of businesses with headquarters in the UAE plan to be cashless in the next two years, compared to 95% globally. Additionally, 37% of UAE respondents were keen on accepting alternative payment methods to help expand their businesses.
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Although Visa’s report did not reveal the various alternative payment methods, the sharp increase of FinTech commodities and cryptocurrency presence in the UAE is a testament that companies such as XS.com have a solid foothold in one of the world’s richest countries.
