The future of payments and banking industry
EastMed Ltd, announced the 3rd Annual E-Payments and Online Banking summit will be held under the patronage of Central Bank of Bahrain on 2-3 December 2020, virtually.
E-Pay Summit which has been held annually since 2018 is the chosen meeting point for senior influencers from the e-commerce, retail, banking, fintech & telecommunications ecosystem to share their latest strategies, challenges and new applications which are set to impact the digital banking landscape.
The 2020’s theme debates key supervisory issues and fosters the continuing cooperation required to oversee the development of payments and banking technology. E-Pay will focus on consumer centric offerings and the impact these have on AI, cross-border payments, digital currencies, real-time analytics, digital identity and challenger banks.
The summit chairman, Mr. Abdulkareem Bucheery expressed his gratitude to the Central Bank of Bahrain (CBB) for supporting the summit, remarking that this “demonstrates the commitment of the Kingdom of Bahrain to the adoption of latest global technologies standards that improve consumer experience and impact positively on the whole economy.”
Mr Bucheery adds “The dynamic nature of markets and evolving consumer behaviour creates challenges but also opens up opportunities for innovation and growth. Over the next few years we’re set to see even faster changes in the payments and banking landscape.”
The millennials’ comfort with technology is driving businesses to provide innovative ways of enabling faster and more personalised transactions. The payments business, traditionally dominated by banks, is witnessing increasing competition from new entrants, most of which are non-bank players that specialise in niche value-added services.
EastMed’s Managing Director, Mr Mohamed Yassein added, “We are happy to organise the third edition of EPAY SUMMIT in partnership with CBB. With the continuing restrictions on business travel and events, we have been monitoring governments guidance in order to choose a suitable time and format for the safe hosting the summit this year. The health and safety of our attendees is paramount. As a result, and after consulting with our partners, our team is working on the details of a “virtual edition” of the summit.
As we move EPAY SUMMIT 2020 completely online, we look forward to offering participants the same vibrant programming, impactful networking, and opportunities to reflect and connect over the emerging and salient topics. The virtual summit will include our regular offerings and opportunities for engagement, including sessions, workshops, keynotes, and space to connect with sponsors, exhibitors and educators from across the globe.
GCC region has emerged as fintech leaders in the Middle East with the payments space being the most developed fintech segment. EPAY SUMMIT aims to support the industry to enable policy & regulation, talent development, business opportunity and investment capital through high level knowledge sharing and thought-provoking debates”.