Emirates Post Group announced that it will launch its new fintech arm FINTX later this month during the annual Gulf Information Technology Exhibition or Gitex Global 2022 event in Dubai.
FINTX will contribute to the UAE’s fintech ecosystem by transforming the Emirates Post Group’s existing financial services companies, as well as on launching new ventures and partnerships.
Headquartered in Dubai, Emirates Post Group manages and operates the Emirates’ postal service and is responsible for licensing all postal, courier and logistics services in the UAE.
The group’s existing financial services companies include UAE exchange house Wall Street Exchange Centre which was established in 1982, and global money transfer operator Instant Cash which was established in 2004.
“FINTX will act as an incubator for fintech innovation. We intend to leverage our robust customer base and the extensive record of financial expertise spanning decades across our wide local and international network, to drive the success of the company.”
said Ahmed Mohamed Al Awadi, Managing Director and CEO of FINTX.