Tag "fintech ecosystem"
Qatar Strives to Become a Global Fintech Hub
Striving to turn the country into a major fintech hub, the Qatar government has introduced a number of programs and initiatives to support local startups and entice international fintech companies to set up shop domestically and choose the nation as
Read More
Egypt Among Top 4 Fintech Ecosystems in Africa
Over the past few years, Egypt’s fintech sector has grown at a rapid pace as the startup ecosystem thrives and investment surges. In its first industry report, Fintech Egypt, an initiative of the Central Bank of Egypt, delves into that
Read More
Oman Jumps on Open Banking Bandwagon
The Central Bank of Oman (CBO) is drafting the so-called Open Banking API Strategy as part of a broader push to stimulate innovation in the finance sector. The intentions were outlined in the 2021 Arab Region Fintech Guide, a paper
Read More
Pakistan’s Nascent Fintech Ecosystem Gets a Boost
Despite a growing population and a large pool of unbanked, Pakistan has been a relatively slow-mover within the digital finance space, but new opportunities brought about the COVID-19 pandemic and government-led initiatives are expected to fuel growth. Out of a
Read More
Interest in Fintech Picks up in Cameroon
Cameroon’s nascent fintech industry is gaining traction this year, a trend reflected by rising digital financial services adoption, considerable funding going towards paytech startups, and several product announcements. Maviance, the owner of digital payment platform for merchants Smobilpay, raised a
Read More
2020 VC Funding Hits New All-Time High in Egypt; Fintech Makes up 8% of Total Funding
Egypt’s venture investment ecosystem has emerged as one of the most rapidly developing markets in the Middle East and North Africa (MENA), growing at a compound annual growth rate (CAGR) of 100% over the past five years, according to the
Read More
Morocco Emerges as Third Largest Fintech Hub in the Arab World
Morocco is the third largest fintech hub in the Arab world, hosting 13% of all 400 active fintech solutions, or about 40 fintech solutions, according to a research by financial inclusion think tank Consultative Group to Assist the Poor (CGAP).
Read More
Ethiopian Fintech Scene Shows Great Promise as Africa’s Next Fintech Hub
Ethiopia’s large population of unbanked, the government’s current digital push, and recent finance reforms are bringing new opportunities for fintech startups and financial innovation. With more than 112 million people, Ethiopia is the second-most populous nation in Africa and is
Read More
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