Fintech's bright prospects highlighted at inaugural Doha forum

The first Arab Fintech Forum (AFF) was held here Sunday with the fintech players calling for evolvement of more global fintech hubs, embedded finance, streamlined trade documentation for cross-border movement of goods and crypto assets.Otto Williams, senior vice president (head of products and solutions), Central and East Europe, Middle East and Asia, VISA, said over the past one and a half years, it has seen how pandemic has changed the economies for digital transformation, as lockdowns have found more customers and business make use of the digital platforms.Highlighting that the pandemic has changed consumer preferences, he said digital payments such as tap-to-pay or contactless now account for more than two-third of transactions globally."As economies continue to recover, Visa is committed to tackling the access to digital economy to bridge the gap between those who have the access and those who do not," he said.Quoting the World Bank's 'The Global Covid-19 Fintech Market Rapid Assessment Study 2020target="_blank"'>