It was a grand opening at the 40th GITEX technology week on Sunday 6th December 2020. The Dubai World Trade Center although not as jam-packed as it would normally be on day one of five of the tech event, it still saw a sizable number of delegates, exhibitors and visitors at the venue. The DWTC and the Dubai government saw to it that strict precautions are adhered to, to ensure the safety of all in attendance.
At the Green stand where Fintech and Blockchain discussions took place, Spring Media was present and captured one of the panel sessions.
The Looming Showdown between Online Merchant Portals (Buy Now / Pay Later) and Retail Banks over Consumer Credit and eCommerce
“There has been an explosion of Fintechs offering online merchants the checkout option of ‘buy now, pay later’. Will this encroach on the lucrative consumer credit market dominated by retail banks with their credit card offerings? Are trends among younger customers seeing a move away from credit cards? What will it take to retain and win new customers in such an environment? Is there potential for collaboration among stakeholders, or can the pie be carved up peaceably for all?”
Ken Rutkowski is an acclaimed international speaker who is favoured for his ability to accurately predict any industry’s future trend and how to successfully navigate it through communication, technology, and data. Ken customizes content like no other speaker in the world! His custom talks directly impact audiences with current, valuable, and relevant takeaways, lessons, and trends that can immediately affect their businesses. He has spoken to companies and organizations all over the world including the likes of Google, MIPTV, Milken Global Conference, Mobile World Congress, NATPE, NAB and Canada Music Week. (gitex)
Ziyaad Ahmed is the COO and Co-Founder of Spotii, the first Buy Now Pay Later in the GCC region. Ziyaad moved to Dubai from Silicon Valley this past December to start Spotii. He was previously at Afterpay US in San Francisco, currently, a $15bn company and now one of the largest Buy Now Pay Later companies in the world. Prior to his time in tech, he was an investor in consumer technology and retail companies. Ziyaad received his undergraduate degree in Arts and Finance from the Wharton School at the University of Pennsylvania, his MBA in Behavioral Psychology, Statistics and Finance from the Wharton School at the University of Pennsylvania and his Graduate Degree in Advanced Data Science from the University of Berkeley. (gitex)
Altaf Ahmed is the Director, Retail IoT Channels Payments at Etisalat, one of the largest Telcos and Digital Solutions providers in the world with operations in 16 countries. He is a Digital Products and Solutions professional with 20+ years of rich experience in varied roles and organizations.
Prior to Etisalat, in 2015, he co-founded Remitr, an award-winning digital cross-border payments Fintech start-up. Before that, Altaf worked for 12+ years at Emirates NBD Bank, spearheading a number of key innovations in Digital Banking in the bank’s journey to become a digital leader. His key areas of experience have been in the fields of Digital Services Development and Management, Payments and Prepaid Services, Fintech Solutions, Multi-channel CRM, Marketing and Product Management, New Media Services & Solutions.
Altaf is also the Founding Board Member of the MENA Fintech Association, a not-for-profit industry body, and has been recognized by Lattice80 as one of Top50 Fintech Influencers in the Middle East.
Eric Osiakwan, Managing Partner of Chanzo Capital is an Entrepreneur and Investor with 15 years of ICT industry leadership across Africa and the world. He has worked in 32 African countries setting up ISPs, ISPAs, IXPs and high-tech startups. He Co-Founded Angel Africa List, Angel Fair Africa and currently serves on the board of Farmerline, Hubtel, Forhey, Teranga Solutions, Hotel Online, Wala, Amp. it, SameLogic, Wanjo Foods, Airshop, Rapid Expense, NestSquare, Data Integrated, Ghana Cyber City and WABco – some of which are his investments. He was part of the team that built the TEAMS submarine cable in East Africa and an ICT Consultant for the WorldBank, Soros Foundations, UNDP, USAID, USDoJ, USDoS as well as African governments and private firms. He authored “The KINGS of Africa’s Digital Economy”, co-authored the “Open Access Model”, adopted globally by the telecommunications industry, “Negotiating the Net” – the politics of Internet Diffusion in Africa and “The Internet in Ghana” with the Mosaic Group. He was invited to contribute ideas to Prime Minister Tony Blair’s Commission for Africa. Eric is a TED, Stanford, MIT and Harvard fellow. (gitex)
Watch full panel discussion below. Please put on your headset.