How payment digitisation can stimulate economic growth in the Middle East

How payment digitisation can stimulate economic growth in the Middle East

While countries and cultures around the world may differ in many aspects, governments are united in their quest for economic growth.

As we gradually transition into a post-Covid-19 world, this will become even truer. Amidst the resurgence of economic activity will be hopes for inclusive growth, an improved standard of living, lower unemployment, and a movement towards a more equal society. More than ever before, all of these now rely on a digital infrastructure to thrive.

Even before this pandemic, emerging markets in particular were increasingly recognising the need to digitise their payments economy and reduce cash dependency as a way to achieve financial inclusion and citizen wellbeing. In this context, I believe payment digitisation will undoubtedly not only alleviate many of the downsides of cash, but also create avenues for