Tag "Middle East"
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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UAE Leads the Digital Banking Scene in Middle East
A combination of changing consumer preferences, competition from fintech startups and changing regulations have been forcing banks around the world to develop their digital capabilities. In the Middle East and North Africa (MENA) region, banks are quickly rising to the
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Apple Pay Targets Middle East Markets Starting with Saudi Arabia
Apple continues the rollout of its Apple Pay digital wallet service around the world, launching in Saudi Arabia in February, marking its 34th market. In Saudi Arabia, Apple Pay initially launched with support for the Saudi Payments Network (MADA), Alinma
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Fintech Events and Conferences in the Middle East Taking Place in H1 2019
Fintech continues its momentum in the Middle East with fintech companies attracting 12% of all digital startups deals in 2018 in the Middle East and North Africa (MENA) region, according to the latest report from Magnitt, a Dubai-based entrepreneurs’ network.
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Mobile Payments in the Middle East: News Roundup
The Middle East is witnessing a burgeoning mobile payment market with a number of players offering a multitude of diverse services. The United Arab Emirates (UAE) in particular has seen a boom in the number of available mobile payment services.
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