Tag "Middle East"
Amazon’s Growing Foothold in the Middle East
Amazon is aggressively expanding its e-commerce business in the Middle East, multiplying product launches with the introduction of home services in the United Arab Emirates (UAE) in July 2020, payment processing services in the broader Middle East and North Africa
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20+ Neobanks in the Middle East You Have to Know
Digital banking is heating up in the Middle East with now more than 20 neobanks across the region, according to new data from Dutch fintech consultancy group Fincog. Most of these neobanks were launched by incumbents as standalone digital banks
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Open Banking Makes Foray Into the Middle East
Globally, initiatives across different jurisdictions have emerged to make open banking a reality, ranging from direct regulatory requirements, like what’s been done in the UK and the European Union (EU), to market-coordination and industry-led initiatives such as in the US
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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
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Middle Eastern Banks Slow in Embracing Fintech Despite Customers Keenness
In the Middle East, despite customers’ willingness to adopt innovative fintech solutions, banks are still reluctant in integrating fintechs into their strategy, with most choosing to follow a “wait and see” approach, according to a new report by Deloitte. In
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Regtech Still Nascent in the Middle East
Regtech is still a nascent niche segment within the Middle East’s fintech industry, though governments across the region are pushing for greater use of technology to enhance regulatory processes. The United Arab Emirates (UAE), the region’s leader in all-things fintech,
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Africa and the Middle East, the Next Battleground for E-Commerce Companies
E-commerce in Africa and the Middle East is poised for growth. Thanks to a combination of fast-growing developing markets, highly affluent, connected, yet underserved mature markets, and growing Internet and smartphone penetration, according to PPRO Financial’s Payments & E-commerce Report
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Upcoming Fintech and Digital Finance Events in MENA
Fintech is booming in the Middle East and North Africa (MENA) as regulators and government agencies in countries including the United Arab Emirates (UAE), Bahrain and Saudi Arabia are pushing for innovation in the financial services industry to improve financial
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Dissecting Fintech Opportunities in Middle East and Africa
Dubai’s special economic zone, the Dubai International Financial Centre (DIFC), has released a new report that explores the opportunities related to fintech in the Middle East and African (MEA) region. The report provides recommendations and guidance for fintech firms looking
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Google Report: E-Commerce in Middle East Set For Strong Growth
E-commerce is set for strong growth in the Middle East and North Africa (MENA) region. The market was worth US$8.3 billion in 2017 and is expected to more than triple by 2022 to reach US$28.5 billion, according to a new
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