Middle Eastern mobile payment platform Bridg secures first place.

The event, held in Dubai, saw 10 Fintech companies from the UAE, India, KSA, Egypt, Ghana and the UK compete for a place in the grand final, which will be held in Barcelona from 17-19 May.

Dubai-based company Bridg is the mobile payment platform that allows smartphones to process transactions regardless of connectivity availability and has finished in first place this year.

Bridg works as a standalone product as well as a Software as a Service (SaaS) solution for retailers, enterprises, financial institutions, airlines and NGOs. The platform is processor agnostic and connects to existing processors including gateways, digital wallets and block-chain operators.

Chief executive and co-founder of Bridg, Moussa Beidas stated that the jam provided immense opportunity for start-ups.

“The Temenos presence in the region is playing a pivotal role in the education and advancement of the financial landscape,” he said.

“It offers businesses like Bridg a rare opportunity to showcase and validate our product with the rest of the financial ecosystem.”

Fintech ‘jammers’ had the opportunity to pitch their product ideas and solutions to a range of renowned financial institution and banking executives in a seven minute on-stage demo presentation.