Adeeb Ahamed, Special to Gulf News

Articles from the author

UAE remittance apps can do with some ‘chat’

Conversational AI will find a ready user market in digital financial services

Chatbots may have not convinced enough users, but with conversational AI, it's a different ballgame.

UAE’s instant payments move is a plus for businesses

Impact on UAE’s financial services sector from instant payments access will run deep

Once the IPP is established centrally, the segment’s five-year CAGR of 14 per cent is very much achievable.

UAE exchange houses can play disruptors too

With UAE’s new-gen digital banks launching, watch out for synergies

Remittances must expand its role to financial literacy

Hard-earned income sent by world’s migrants need to find a greater purpose

Even the pandemic could slow down global remittances only for a short span. However, financial services companies involved in this space need to broaden their roles.

Banks, fintechs need to drive true financial inclusion

Rather than operate separately, banks must rope in fintech knowhow to make inclusion work

With a system like Emirates OD or India's Aadhar, financial inclusion is truly possible even for the unbanked.

Will fintech influence remittance fees?

Even a 5% reduction in remittance fees will add up to additional $16b in savings

The UAE-India CEPA deal opens up opportunities in multiple sectors - and fintech will be one.

UAE business given options to grow by all means

UAE’s revised blueprint speeds up pace of reforms in ways never seen before

The UAE has stretched the envelope on visa changes in private sector jobs for UAE Nationals. what next?

UAE's 'soft infrastructure' makes for one happy nation

UAE's revised residency norms will further add to its credentials

The place to be - UAE has its work cut out to keep attracting the best of global talent that is out there. Ten-year visas and work-from-anywhere initiatives add to making this a one happy place.

Fintech's moment has come - and UAE's ready for it

Whether it is the infrastructure or regulations, fintech will deliver on expectations

The consumer facing fintech apps may be getting all the limelight. But there is the enabling technology that is getting delivered and will help fintech expand its reach.

Digital channels can help UAE's un-banked

Remittance flows could decline in 2021, but it should not be a reason to cut investments

Increasingly, digital channels are how these expat remittances are reaching the intended. This year will present more challenges, but the focus of remittance houses should be on continued expansion of channels.

Financial inclusion can truly empower women

Digital and fintech can smooth out processes to deliver cash to the truly needy

Make those payments faster and easier to process... The pandemic led to faster adoption of digital ways in the remittance space. But there are still ways to further cut down on the time needed between payment and receiving it.

Give UAE SMEs access to supply chain financing

Current financing system places all downsides on SMEs and impacts operating capital

SMEs need access to constant capital, and with the right financing tools and risk calculations, these can be handled better.

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