Dubai: H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, the First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE, held a meeting with Oliver Jenkyn, Group President, Global Markets at Visa. The meeting aimed to strengthen the UAE’s collaboration with leading global financial technology companies to foster innovation in digital financial services.
According to Emirates News Agency, the discussions underscored the UAE’s vision for creating a future-ready financial ecosystem using advanced solutions to boost economic growth and global financial integration. H.H. Sheikh Maktoum emphasized the importance of strategic partnerships with companies like Visa, which align with the UAE’s goals to develop an innovative financial landscape driven by next-generation technologies.
Sheikh Maktoum noted the UAE’s business ecosystem and financial infrastructure have attracted major global financial companies, whose innovative solutions have significantly impacted the region’s growth
. He highlighted Visa’s role in the UAE’s financial sector and its potential to expand further as part of the country’s vision for digital economic transformation.
Visa has strengthened its presence in the UAE with its 100,000 square feet headquarters in Dubai Internet City, serving as a hub for the CEMEA region. The headquarters features an Innovation Centre, facilitating the development of cutting-edge payment technologies. This expansion reflects the UAE’s growing stature as a global hub for digital economy innovations.
In fiscal year 2023, Visa reported net revenues of $32.7 billion, an 11% increase from the previous year. The company facilitates transactions across over 200 countries and territories, with more than 130 million merchant locations worldwide.
The meeting was also attended by several UAE officials, including Mohamed bin Hadi Al Hussaini, Omar Sultan Al Olama, Helal Almarri, and Malek Al Malek.
