Under the Royal Patronage of HRH Princess Sumaya bint El Hassan, the 2nd Electronic & Mobile Payments in the Arab World Conference commenced onApril 4th 2016 in Amman at the Four Seasons Hotel. The participants deliberated during the conference the ongoing trends in electronic and mobile payments in the Arab World.

Amman, 4th April 2016

HRH Princess Sumaya bint El Hassan, President of the Royal Scientific Society and chairman of the board of trustees for PSUT ( Princess Sumaya University for Technology), inaugurated the 2nd Electronic & Mobile Payments in the Arab World Conference taking place in Amman at the Four Seasons Hotel. The conference brings together top regional and global executives.

During Her Royal Highness' key note speech, HRH Princess Sumaya bint El Hassan said" It is a very great pleasure to welcome you all to this unique conference on Electronic and Mobile Payments in the Arab World. We are indeed meeting at a vital stage in the development of national and regional economies, as access to services and inclusion in every aspect of economic activity shift from the age-old methods of physical wealth and tangible capital, to a virtual ecosystem in which all must be given equal access to economic life and prosperous opportunity."

HRH added, "The countless ways in which electronic and mobile payments systems may make life better for all in our society include financial services such as credit, savings, insurance and payments and remittance facilities. More than that, they offer economic and social enfranchisement opportunities that are sorely needed and long-deserved".

"The evolution we are discussing is a global phenomenon that will determine which borders between nations and within societies we carry with us into a new economic age. Wealthy households in our region and around the world have long lived in the care of a digital financial system that eases their economic lives and makes economic activity cheap and accessible. They have long had instant control of their immediate and future economic lives, and have enjoyed an independence that many in the world can only dream off", HRH also said.

Faisal Hakki, Arab Advisors General Manager said "The 2nd Electronic and Mobile Payments in the Arab World Conference will look at the Role of Banks, Payment Networks, Regulators and Telcos and how these are shaping the different ways payments are being fulfilled electronically and using handheld devices".

Mr. Hakki added" The significance of well-structured, accessible and affordable payment systems cannot be overstated. In a sense, Payments are what keep the World working; they are primary to our markets and contribute directly to the prosperity and stability of our economies. Simply put - without these Payment Systems, the exchange of goods and services could not happen. Equally important and integral are Electronic and mobile Payment Systems. Compared to their Old World counterparts, these paperless cashless systems offer a wide spectrum of direct and indirect benefits including reduced transaction costs, increased compliance, improved workflow efficiencies, greater money circulation, better capital accumulation, in actual fact, enhanced security".

"We thank HRH Princess Sumaya for her continuous support. Our thanks also go to our sponsors, speakers and delegates for making The 2nd Electronic & Mobile Payments in the Arab World Conference a successful event. Today's event also comes at an opportune juncture for our company as we expand our range of market research and consulting services in 2016 to include the Financial Service Providers industry with a strategic research offering parallel to our existing Telcom and Media coverage." Hakki added.

The Electronic & Mobile Payments in the Arab World Conference is sponsored by The Arab Jordan Investment Bank and Cairo Amman Bank.

The conference is supported by the the Central Bank of Jordan, the Association of Banks in Jordan, the Smart Payment Association, Int@j, Aramex, recruitment partner, Akhtaboot, SMS provider, Cequens and PR Partner iJordan.


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For more information, please contact:
Arab Advisors Group
Ms. Deemah Shaqadan
Tel : +962 6 582 8849
Fax: +962 6 582 8809
E-mail: deemah@arabadvisors.com

About Arab Advisors Group:
The Arab Advisors Group's team of analysts in the region has produced over 4,300 reports on the Arab World's communications and media markets. The reports can be purchased individually or received through an annual subscription to Arab Advisors Group's (www.arabadvisors.com) Strategic Research Services (Media and Telecom, and soon Financial Service Providers). To date, Arab Advisors Group has served over 900 global and regional companies by providing reliable research analysis and forecasts of Arab communications markets. Some of our clients can be viewed on http://www.arabadvisors.com/clients.htm

Arab Advisors Group provides reliable research, analysis and forecasts of Arab communications, media and technology markets.

Arab Advisors Group Strategic Research Services (Media and Telecoms) are annual subscriptions. The services cover nineteen countries in the Arab World: Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Sudan, Syria, Tunisia, UAE and Yemen. 

For more information, please contact the Arab Advisors Group offices. www.arabadvisors.com

© Press Release 2016