Tag "Middle East and North Africa (MENA)"

MENA Companies Embrace Embedded Finance

In the Middle East and North Africa (MENA), embedded finance is picking up steam among telcos, tech startups and retailers. These companies are rapidly embracing the concept to tap into new revenue streams and enhance customer experiences, a new report

Read More

Fintech Surges in MENA Though Talent and Capital Gaps Persist

The Middle East and North Africa (MENA) region is experiencing significant growth in its fintech sector, with several cities located in Gulf Cooperation Council (GCC) nations in particular emerging as globally recognized fintech hubs. But in order to sustain this

Read More

Top 17 Fintech Events to Attend in MENA in H1 2024

The Middle East and North Africa (MENA) region, characterized by a young and tech-savvy population, high Internet penetration rates and economic growth, has witnessed a robust growth of its fintech industry in recent years, with funding increasing by approximately 36%

Read More

MENA’s Banking Sector Driven by AI and Digital Transformation

The banking sector in the Middle East and North Africa (MENA) is anticipated to experience significant growth, a development which will be driven by rising demand for banking services, ongoing progress of digital transformation, and the expansion of digital banking,

Read More

MENA Gen Z Consumers Favor Mobile Wallets as Preferred Payment Method

In the Middle East and North Africa, Generation Z (Gen Z) members are showing preference for digital payments methods over cash, identifying cards and mobile wallets as their favored and most used payment methods, a new study conducted by Sixth

Read More

BNPL Emerges as New Favorite Payment Option in MENA-Pakistan

In the Middle East, North Africa and Pakistan (MENAP) region, exponential growth in the e-commerce market is fueling the rise of newer methods of paying, with buy now, pay later (BNPL) arrangements, in particular, emerging as the new favorite payment

Read More

Fintech Becomes Favoured Investment Focus in MENA

In the Middle East and North Africa (MENA), fintech has emerged into the preferred investment target of investors. Between 2019 and 2021, the fintech sector captured the largest portion of dollars invested across all tech sectors, more than double enterprise

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

MENA Regulators to Increase Fintech Priority

The COVID-19 pandemic has increased the prioritization of fintech among regulators in the Middle East and North Africa (MENA) region. These have moved fintech up the regulatory agency and introduced a number of measures to harness the opportunities introduced by

Read More

Top 14 Most Well-Funded Fintech Startups in MENA

Forbes Middle East has released its annual ranking of the Top 50 Most-Funded Startups in the Middle East and North African (MENA) region. Out of these 50 companies, 14 are fintech firms, making the sector the most represented one across

Read More