NEWS
UAE
FinTech start-up Trriple says digital
payments will dethrone ‘Cash as King’
Digital payments will dethrone ‘cash
as king’ in the Middle East, and boost
regional GDP by nearly USD 100 billion,
industry experts have announced.
As Middle East countries accelerate their
digital transformation with nationwide
high-speed technology connectivity, one
of the biggest benefits will be quick and
easy mobile payments.
Soon residents will be able to pay for
parking tickets and in-store purchases,
top up mobile phone minutes and data
via mobile apps.
Paolo Gagliardi, Chief Business Officer
of the UAE-based financial technology
start-up 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.”
Trriple estimates that about 80%
of the UAE’s transactions are done
in cash, which can be expensive to
process and often inconvenient.
However, if the Middle East
captured its full digital potential
then the region could add USD
95 billion in GDP by 2020,
according to a recent report by the
consultancy McKinsey.
Paolo Gagliardi, Chief Business Officer
of the UAE-based financial technology
start-up Trriple
Cazar to deliver innovative AI
recruitment technology with MS Cloud
Dubai-based recruitment technology
firm Cazar is moving its entire cloud
technology to the Microsoft Azure
cloud platform.
In the past couple of months, Microsoft
and Cazar have collaborated closely to
migrate the Sniperhire platform and its
customers in more than 50 countries
over to Azure.
During the process Cazar utilised the
best of breed PaaS technologies in
Azure such as Artificial Intelligence (AI)
to drive new services for their customers
and product innovation.
Guy Rickett, CEO of Cazar, said:
“Today’s employers want flexible,
mobile technology that is easy to
implement and secure and that can
evolve with their business.”
www.intelligentcio.com
Guy Rickett, CEO of Cazar, said: “Today’s
employers want flexible, mobile
technology that is easy to implement
and secure and that can evolve with
their business.
“Today, Azure is the gold standard in
the industry, so it was a natural next
step for us. Since our migration, we’ve
already seen higher development
speeds and reduced time-to-market for
new features.
“Our partnership with Microsoft allows
us to bring key elements of artificial
intelligence to our product development
plans moving forward.
“Through machine learning, language-
processing algorithms and the use of
chatbots, we can augment employers’
abilities to connect and engage with the
right candidates quickly.”
According to Accenture, the impact
of AI technologies on business
is projected to increase labour
productivity by up to 40%.
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