UAE Fintech Report 2024
The UAE is cementing its position as a fintech powerhouse in the MENA region, with an expanding ecosystem of 329 active companies – a 128.5% increase since 2011.
This growth underscores Dubai and Abu Dhabi’s roles as leading fintech hubs.
The UAE Fintech Report 2024, supported by PayTabs Group, provides a comprehensive overview of the country’s fintech landscape, spotlighting its remarkable growth and future opportunities.
Key highlights include:
- Fintech’s dominance in venture capital funding, accounting for 32% of total funding volume in H1 2024, showcasing the sector’s resilience amidst global challenges.
- Digital banking surges, driven by significant growth in wealthtech, digital banking, and alternative lending, reflecting the UAE’s diversification beyond traditional sectors.
- Regulatory advancements, including the UAE sandbox frameworks and stablecoin regulations, fostering innovation and enabling new market entries.
Download the report for exclusive insights into the UAE’s fintech journey.