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Middle East and Africa Region Becomes Hotbed for Super-App Development

Across the Middle East and Africa (MEA) region, a range of digital offerings are emerging and growing rapidly, striving to tap into the growth of Internet and smartphone penetration, the shift to digital channels and the rise of e-commerce to

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2023’s Top 10 Fintech Companies in the Middle East

Fintech has grown steadily in the Middle East over the past few years, owing to government support, fintech-friendly regulations and favorable demographics characterized by a large population of young, tech-savvy and underbanked people. A dynamic funding landscape has also been

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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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