Hibapress
Moroccan and foreign experts and professionals stressed, Thursday in Casablanca, during the opening of the first edition of the African Fintech Summit, the importance of the progress made in technological infrastructure and financial inclusion in Africa and Morocco, as well as the challenges and opportunities that arise from it.
Organized by Trading Show Company, this 1st edition is an opportunity to bring together various industry players, including business representatives, researchers and students, to discuss the latest trends in Fintech, with a view to promoting a platform for establishing meaningful connections and exploring new development opportunities in the African financial sector.
Speaking on the occasion, Trading Show Executive Director Nadhir Ninouh noted that hosting this edition in Morocco represents a strategic starting point, noting that the event offers participants the opportunity to discover new technologies. The aim of the event is to enable companies to meet their potential customers and partners directly, rather than limiting themselves to online interactions, Ninouh added. For his part, Technical Analyst and Trader at Tradepedia/XM Nadir Belbaraka spoke about the gradual shift towards more advanced technologies, including banking applications that have revolutionized personal finance management, allowing all financial transactions to be processed via these mobile applications and simplifying the lives of its users.
Mr. Belbaraka also mentioned the electronic dirham, an innovative project that will further transform Morocco’s financial landscape, specifying that this project promises to be a major topic of debate in the years to come, offering new opportunities and challenges for professionals and clients of financial services. For his part, the CEO of Forex Capital Management, Karim Chaoui, noted that the recent development of fintech has been particularly interesting, especially in trading, where large African companies are now listed on the stock exchange with a significant valuation, and in e-commerce, marked by widespread adoption among both merchants and consumers.
Professor at the Faculty of Economics and Management – Ibn Tofail University, Mehdi Ferrouhi, explained that the Covid-19 pandemic has been a major catalyst, pushing central banks to develop financial integration strategies, as evidenced by the national financial inclusion strategy in Morocco which laid the foundations for improving access to banking and payment services. Organized on July 11 and 12, this summit expects to welcome more than 5,000 participants as well as more than 50 international and national speakers and 30 international exhibitors specialized in the fields of blockchain, trading, finance, technology and innovation.
