Trriple to showcase digital payment innovations at GITEX
Trriple will allow visitors to experience the future of digital payments at GITEX
Digital payments will boost regional GDP by nearly $100bn, according to industry experts.
UAE-based financial technology startup, Trriple estimates that about 80% of the UAE's transactions are done in cash, which can be expensive to produce and secure, and often inconvenient to use. However, if the Middle East captured its full digital potential, and made digital payments widespread, then the region could add $95bn in GDP by 2020, according to a recent report by McKinsey.
Paolo Gagliardi, chief business officer of Trriple, said: "Once fast, secure, and easy-to-use digital payments become mainstream that means ‘cash is king' no more in the Middle East. Using digital payments, consumers and merchants can save time and money, and gain real-time insights on transaction history and spending trends.
"The UAE government has set the stage for digital payments to transform transactions across every industry vertical, across public sector, to transport, tourism and healthcare. Trriple aims to leverage GITEX to fuel our growth and expansion, by showcasing the latest solutions, meeting with investors, growing our partner ecosystem, and networking with fintech leaders," Gagliardi added.
Trriple's mobile wallet provides a secure and convenient open source payment platform, which can securely connect with any government, organisation, or banking network in the world.
At GITEX Technology Week 2017, Trriple will allow visitors to experience the future of digital payments at its stand in Hall 6 at the DWTC.