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Rise of Digital Payments in MENA Region: 2023 Digital Payment Trends
This article provides you with an overview of current and emerging digital payment trends in MENA region, along with interesting numbers backing up each of the trends. Digital payments in MENA region are developing at an accelerated pace, as well
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Top 15 Most Well-Funded Fintech Companies in Middle East
In 2022, technology startups in the Middle East and North Africa (MENA) region continued to attract funding, securing a total of US$1.8 billion in the first half of the year, a sum that represents a 46% year-over-year (YoY) increase, data
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Middle East Digital Banking Sector Growing at a 43% Annual Rate
Since 2012, the Middle Eastern digital banking market has experienced sustained growth, rising at a 43% compound annual growth rate (CAGR). Today, the region is home to 25 digital banks which serve a combined 25 million people, according to a
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Demystifying Accounts Payable Automation
According to the Ardent Partners market research study: ‘The State of ePayables 2022’, 70% of mid-market companies have made Accounts Payable (AP) automation a priority. While this positive trend represents a 48% increase over that of the previous year, many
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UAE Government Officials Share Metaverse Ambitions
At the Dubai Metaverse Assembly event last month, top government officials from the United Arab Emirates (UAE) shared their ambitions for the country to become a metaverse pioneer and leader, revealing ongoing initiatives and aspirations moving forward. The Dubai Metaverse
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Top 10 Fintech Startups in the Middle East
Forbes Middle East has released its selection of 2022’s top 25 fintech companies in the region, recognizing the Middle East’s most successful public and private fintech firms. The list features firms that are applying technology to financial sectors including payments,
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Organizations Struggle with Increased IT Complexity
These past couple of years have seen the pace of digital transformation increase dramatically as organizations globally moved to the cloud and embraced hybrid office environments to overcome the limitations imposed by COVID-19. But despite enabling operational continuity, gains in
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MENA’s Demand for Payment Hubs Rises as Open Banking Fuels Cross-Border Flows
The accelerated digitalisation that swept the globe in the last two years has led to widespread adoption of digital financial services. Customers – both individuals and businesses – now want their services fulfilled instantly, and that extends to cross-border settlements
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Digital ID Verification, Remote Document Signing to Become the Norm in Finance Sector
The pandemic has accelerated the growth of non-face-to-face interactions, forcing banks, merchants and others to swiftly deploy digital tools to accurately verify the identity of the person on the other end of a digital transaction. A 2021 study by advisory
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8 Financial Processes Poised for Digital Transformation
COVID-19 accelerated trends toward remote banking and digitalisation, forcing financial institutions to embrace new technologies and processes to keep their businesses functional despite social distancing restrictions. Now, with more and more people relying on digital solutions for interactions and transactions,
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