Tag "fintech ecosystem"

Booming Nigerian Fintech Sector Could See Revenues Reach US$543M by 2022

Fintech revenues in Nigeria are projected to reach an estimated US$543 million by 2022, driven by increasing smartphone penetration and a large population of unbanked eager to adopt digital financial services, according to a new report by the Economist Intelligence

Read More

Middle East Sees Booming Fintech Ecosystem Though Challenges Remain

Though still in early stage, the Middle East’s fintech sector is rapidly growing, fueled by a young demographic eager to adopt new digital solutions, low penetration of formal banking channels, and the region’s governments push for fintech adoption, says a

Read More

How is Lebanon’s Fintech Scene Doing?

Lebanon’s fintech industry has been growing rapidly in the past years, fueled by a supportive ecosystem, a wide range of public and private initiatives aimed at developing the sector, and a tech-savvy population. Lebanon is the Middle East and North

Read More

Examining Jordan’s Emerging Fintech Scene

Fintech in the Middle East and North African (MENA) region is booming with the number of startups in the field more than doubling between 2013 and 2015 from 46 to 105 ventures. Growth is expected to accelerate over the next

Read More

A Glimpse into Fintech in Saudi Arabia

Experts are optimistic about the outlook for fintech development in Saudi Arabia, which they claim will be driven by the tech-savvy, young population, and favorable government initiatives and support. Islam Al Bayaa, head of advisory at KPMG Al Fozan &

Read More

Fintech In MENA: All You Need To Know

The startup economy in the Middle East and North African (MENA) region continues to grow this year. In the first six months of 2018, it registered a record number of transactions with 141 investments, a 12% increase over the corresponding period. One

Read More

10 Fintech Startups in Turkey to Watch Closely

Fintech is growing rapidly in Turkey. Investment in Turkish fintech companies grew 175% from US$4.6 million in 2012 to US$29 million in 2016, and the overall Turkish fintech industry, which counts more than 200 companies, according to the Fintech Ecosystem in

Read More

Fintech to Solve Financial Exclusion in Egypt

In Egypt, fintech is set to play a key role in providing basic financial services to the large pool of unbanked people, according to experts and industry observers. Egypt is the most populous nation in the Middle East and North

Read More

Israel Quickly Becoming a Leading Fintech Hub

From its origin as a 90-startup, US$13 million capital sector, the Israeli fintech industry has grown to include approximately 500 fintech startups, collectively raising an estimated total of US$500-650 million to date. According to a report by Deloitte, Israel is quickly becoming

Read More

Bahrain Witnesses Key Fintech Developments

Over the past year, Bahrain’s fintech ecosystem has witnessed several key developments including the launch of the Central Bank of Bahrain (CBB) dedicated Fintech and Innovation Unit and regulatory sandbox, two initiatives that highlight the growing market demand and interest

Read More