MENA’s FinTech Market to reach $2.5 Billion
Tuesday, 02 25 2020, Category: Technology, Country: Middle East
The UAE is leading the Middle East and North Africa (MENA)’s fintech market reaching a record-high of USD 2.5 billion by 2022, industry experts announced today ahead of the Middle East Financial Technology (MEFTECH) on 25-26 February.
Regional and multi-national financial institutions are rolling out digital platforms to transform customer experiences, optimize costs, and meet data regulations. As a result, Clifford Chance says MENA’s fintech market will top USD 2.5 billion by 2022.
“As the Middle East’s fintech market reaches record-highs, the UAE’s banking and financial institutions are leveraging real-time information management to enable mobile banking, e-commerce, digital remittances, and secure real estate contracts,” said Praj Calthorpe, Deputy General Manager, of the leading UAE-based IT infrastructure and information management consultancy and solutions provider Condo Protego.