Riyadh - Sharikat Mubasher: The second day of the Money 20/20 Middle East, one of the world’s premier fintech events, gathered global leaders in fintech, banking, and financial services to discuss the future of money and finance in the region.
According to an official statement, the agenda focused on transformative themes, including artificial intelligence in finance, regulatory developments, inclusive innovation, and strategic capital.
The day witnessed the launch of several initiatives and groundbreaking projects, including Visa’s launch of an advanced acceptance capability in Saudi Arabia. This initiative aims to accelerate digital commerce enablement for merchants across the Kingdom, in alignment with national infrastructure and regulatory frameworks.
Visa also revealed new product features that enhance the way merchants accept and manage payments, with a strong focus on flexibility, compliance, and interoperability.
Additionally, SILQFi announced the launch of Omni, a new platform designed to embed finance directly into the everyday operations of small and medium-sized businesses, following its acquisition of OXO, a key player in the Saudi point-of-sale (PoS) market. The platform integrates PoS, procurement, payments, and real-time credit access into a single interface, streamlining merchant workflows.
The Lending Hub also unveiled its revolutionary mobile application, transforming how individuals access funding and investment opportunities. The company aims to empower individuals with easy access to the funding they need to achieve their goals while offering diverse and innovative investment opportunities for individuals to grow their wealth.
Limitless Payments, headquartered in Riyadh, launched as a next-generation global fintech investment vehicle designed to transform how businesses manage payments, foreign exchange, and financial operations across high-growth and underserved markets. With an initial fund of $100 million and more than $15 billion in existing gross transaction volume, this joint stock company gathers three pioneering fintech businesses: Xpence, GC Partners, and Numito.
Annabelle Mander, Executive Vice President of Tahaluf, said: “Money20/20 Middle East has witnessed unprecedented momentum over the past two days in Riyadh. With more than 1,000 investors attending – split evenly between local and global – a surge of international interest has increased in Saudi Arabia and the wider region.”
The Money 20/20 Middle East takes place in Riyadh from 15 to 17 September, bringing together more than 450 global and regional fintech brands and over 1,050 investors from around the globe.
Anchored around the theme “Where Money Does Business,” Money20/20 Middle East features dedicated partnership pavilions, executive networking lounges, and curated meeting programs to maximize ROI for sponsors and exhibitors.