DIFC Fintec Memorandum of Understanding entered into with India
The Dubai International Financial Centre (DIFC) recently entered into a Memorandum of Understanding (MoU), with India. This MoU has been entered into by and between the DIFC and India’s regional government of Maharashtra. The MoU is intended to offer a platform for the majority of the Indian firms that have operations in the Middle East, Africa and the South Asia (MEASA) region to make Dubai as their hub.
This MoU will be entailing detailed plans for each entity for mutually supporting the FinTech start-ups and by way of that facilitating the development of the business ecosystems via collaborating and sharing the resources. The partnership with the government will make sure that it creates a collaborative and robust business relationship between Dubai and India as far as DIFC’s goal for the future financial industry is concerned. The Indian FinTechs have always proved to be world-class leaders in the field and expects to be a global leader in this spectrum as well.