Author: Rebecca Oi

In today’s interconnected world, seamless and cost-effective cross-border payments have become critical to business success on the global stage. Efficient and transparent payment solutions are essential as companies strive to compete internationally and expand their reach. As international trade continues to evolve and expand, it is becoming increasingly clear that traditional methods of facilitating cross-border payments are insufficient to meet the needs of modern businesses, particularly small and medium-sized enterprises (SMEs). These outdated systems often involve multiple intermediaries, lengthy processing times, and opaque fee structures, which can significantly erode profit margins and hinder growth. The challenges of cross-border payments Navigating…

Dubai, a city known for leading technological innovation and digital transformation, has emerged as the fintech hub of the Middle East and Africa (MENA) and South Asia region due to its emphasis on building a modern, digitally-driven, and innovative economy. The city has been investing heavily in its fintech infrastructure, creating a conducive environment for startups and established companies to flourish.  Dubai has implemented several initiatives to promote and support the fintech industry’s growth. This includes the creation of innovation hubs and accelerator programs, tax incentives, grants, funding opportunities, and a favourable regulatory environment. Fintech industry in MENA The fintech…

The Middle East has seen a rapid rise in fintech in recent years, transforming the region’s financial services landscape. Fintech makes the playing field increasingly dynamic and diverse, with various players, including financial institutions (FIs), offering innovative solutions across areas such as payments, lending, and wealth management. Governments in the region are actively supporting the development of fintech through regulations, investments, and initiatives to promote cashless payments. The region has also seen a boom in fintech investment, with several large deals and funds established to support startups. There is also a growing trend of collaboration between traditional banks and fintechs,…