Global Software Solutions Group's COO Saleem Ahmed Shares Insights on "Competition in Payments" at MEA Finance Leaders in Payments Conference & Awards 2024

Dubai, 12th September 2024 — Global Software Solutions Group (GSS) is proud to announce that our Chief Operating Officer, Saleem Ahmed, delivered valuable insights during the panel discussion on "Competition in Payments: What is the state of competition in payments and what new forms might it take?" at the MEA Finance Leaders in Payments Conference & Awards 2024 held at The Ritz-Carlton JBR, Dubai.

The panel explored how payment firms are navigating the rapidly evolving competitive landscape, challenged not only by traditional rivals but also by emerging technologies and innovative business models. Topics included the rise of new payment methods like Pay-by-bank, the impact of fintech disruptors, and the future of payment gateways and card issuers in an increasingly digital economy.

Saleem Ahmed shared his extensive experience in fintech and banking solutions, offering deep insights into how GSS is addressing these challenges. He highlighted the company's commitment to innovation, particularly in real-time payment technologies, and how GSS is leveraging these advancements to create secure, seamless, and efficient payment solutions.

"The payments industry is at a pivotal point of transformation," said Saleem Ahmed. "Emerging technologies are not just changing how we process transactions but are redefining the entire competitive landscape. At GSS, we are dedicated to embracing these changes and turning them into opportunities for growth and better service delivery."

The panel also featured esteemed industry leaders:

• Abdulla Altaee, COO, United Arab Bank
• Cem Soydemir, Head of Payments Go-To-Market, MEA, South & Central Asia, Swift
• Prasad IVS, Senior AGM, Head of Transaction Banking, Commercial Bank
• Sara Raza, Head of Cobrands-Cards Business, Emirates NBD
• Osama Al Rahma, Head of Business Development, Emirates Investment Bank pjsc

The session delved into how the expansion of payment roles significantly impacts economic well-being and how unconventional forms of competition may emerge to shape the industry's future.

GSS's participation underscores our commitment to contributing to the dialogue on financial innovation and the future of payments in the UAE and the broader MEA region. We are dedicated to enhancing the financial space by developing solutions that promote inclusivity, security, and efficiency.