Dubai Chamber of Commerce sets up Fintech & Payments Business Group

Dubai Chamber of Commerce has launched the Fintech & Payments Business Group to bring together companies from within the sector.

The new group will support Dubai-based companies and provide 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, according to the Dubai Media Office.

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.

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.”

#Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers launches a new Fintech & Payments Business Group aimed at bringing together companies of all sizes within the fintech and payments sector to encourage collegial dialogue.https://t.co/n7dBKfycVl pic.twitter.com/ADfB1Wi5of

— Dubai Media Office (@DXBMediaOffice) December 26, 2022

Dubai Chamber of Commerce plans to increase the number of economic sectors and activities represented by business groups to 100 by March 2023.

In recent news, the Dubai Chamber of Commerce published its latest findings on the UAE’s growing e-commerce sector. According to the chamber, the sector’s share of total retail sales in the UAE is expected to reach 12.6 per cent by 2026.

Read: UAE e-commerce market expected to touch $9.2bn by 2026: Dubai Chamber of Commerce