Tag "Middle East"
Changing Consumer Behavior, Digital Adoption Drive E-Commerce Surge in the Middle East
The Middle East is witnessing a dynamic shift in consumer behavior, preferences and digital adoption, prompting a transition towards online shopping and e-commerce, a new report by RetailX, a UK-based retail and e-commerce research company, says. The report, titled “Middle
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25 Upcoming Fintech Events in Middle East Q4 2023/ Q1 2024
Fintech is growing rapidly in the Middle East, driven by a dynamic fundraising landscape, favorable demographic factors and supportive governments betting on technology and digital platforms to improve financial access. An estimated 3,000 fintech solutions are currently operating across the Middle
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Digital Banking Grows 52% in the Middle East
In the Middle East, traditional lenders and fintech startups are racing to launch digital banking offerings, viewing the market’s rapid adoption of mobile technology, economic growth and relatively low adoption of neobanking as a massive opportunity up for grab. About
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Top 17 Fintech Events Taking Place in H2 2023 in the Middle East
The Middle East has emerged as a dynamic hub for fintech innovation, driven by regional economic strategies that prioritize digital transformation, financial inclusion, and diversification from oil-dependent revenue streams. The industry is accelerating rapidly, fueled by an influx of capital,
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Major Trends Driving Transformation in the Middle East’s Digital Payment Landscape
In the Middle East, the digital payment landscape is changing at a rapid pace, shaped by the advent of instant payments, booming adoption of new payment methods and the rise of online retail, a new whitepaper produced by Euromonitor International
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2023’s Top 10 Fintech Companies in the Middle East
Fintech has grown steadily in the Middle East over the past few years, owing to government support, fintech-friendly regulations and favorable demographics characterized by a large population of young, tech-savvy and underbanked people. A dynamic funding landscape has also been
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Top 15 Most Well-Funded Fintech Companies in Middle East
In 2022, technology startups in the Middle East and North Africa (MENA) region continued to attract funding, securing a total of US$1.8 billion in the first half of the year, a sum that represents a 46% year-over-year (YoY) increase, data
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Middle East Digital Banking Sector Growing at a 43% Annual Rate
Since 2012, the Middle Eastern digital banking market has experienced sustained growth, rising at a 43% compound annual growth rate (CAGR). Today, the region is home to 25 digital banks which serve a combined 25 million people, according to a
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19 Upcoming Fintech Events to Attend in the Middle East
Fintech is one of the most dynamic and fastest evolving industries in the world, driven by advances in technology, continuous innovation in the space, and investors’ bullishness in the prospect of digital tools and technology to solve some of the
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Fintech Continues to Gain Momentum in the Middle East and Turkey
In the Middle East and Turkey, young and tech-savvy consumers are driving demand for fintech products and services. Mastercard researches show that not only usage of fintech solutions is raising in the region, but digital tools are also becoming a
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