Emirates Post Group: FINTX will act as an incubator for fintech innovation

Emirates Post Group: FINTX will act as an incubator for fintech innovation

Emirates Post Group announced that it will launch its new fintech arm ‘FINTX’  in Dubai this month. 

The new company is focused on establishing an enhanced and effective fintech eco-system through transforming its existing financial services companies, in addition to launching new ventures with compelling product offerings and building strategic partnerships with established companies and start-ups.

FINTX will own, oversee, and transform the existing financial services companies of Emirates Post Group, which includes Wall Street Exchange Centre LLC, and Instant Cash FZE. Wall Street Exchange Centre LLC is an exchange house in the UAE established since 1982, and Instant Cash FZE is a global money transfer operator established since 2004.

Ahmed Mohamed Al Awadi, Managing Director and CEO of FINTX said: “FINTX will act as an incubator for fintech innovation. Through the newly established company, we aim to create a one-of-a-kind fintech eco-system and elevate the diversity and quality of the financial services provided by the existing companies we oversee, and new ventures we create. We intend to leverage our robust customer base and the extensive record of financial expertise spanning decades across our wide local and international network, to drive the success of the company.”

FINTX is further expected to diversify Emirates Post Group’s portfolio by expanding its footprint within the fintech industry. The new company will focus on building an efficient fintech eco-system as well as provide a suitable setting for the synergy of all types of financial technology services. It will also provide a platform for investors, incumbents, and innovators to collaborate and create the digital financial services of the future, for the UAE and beyond.

 

Relevant Directory Listings

Listing image

KEBA

KEBA is an internationally successful high-tech company with headquarters in Linz (Austria) and subsidiaries worldwide. KEBA is active in the three operative business areas: Industrial Automation, Handover Automation and Energy Automation. The company has been developing and producing for more than 50 years according to […]

Find out more

Other Directory Listings

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

As a consumer, how did the number of online purchases you made and the value of these compare between the 2022 peak period vs 2021?

Thank you for voting
You have already voted on this poll!
Please select an option!



MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.

 

News Archive

Pin It on Pinterest

Share This