CS Event’s 2nd Banking Revolution Summit to focus on the future of the banking technologies

summit,event,focus,banking,revolution
Middle East

CS Event’s 2nd Banking Revolution Summit to focus on the future of the banking technologies

More than 50 percent population in the Middle East and Africa remains unbanked, while financial technology is disrupting the region's banking and financial sectors – that doubles up the challenges faced by the industry – which will be the main focus of discussions at the two-day 2nd Middle East Banking Revolution Summit that will take place at Dusit Thani Hotel in Dubai from February 14-15, 2022. The value of bank assets worldwide increased overall from 2002 to 2020, despite some fluctuation. In 2020, the assets of banks globally amounted to more than US$180 trillion, up from US$155. 4 trillion in 2019, according to Statista. com, a global intelligence provider. In 2020, the volume of mobile money transfer grew 15 percent to 41 billion with transaction value jumping 22 percent to US$767 billion while the number of registered mobile money accounts grew 13 percent to 1. 2 billion. In the Middle East, the number of mobile money accounts reached 146 million with transactions value growing 26 percent to US$10. 5 billion. The number of registered mobile money accounts grew 9 percent to 56 million. Morocco, Vietnam, Egypt, Philippines, Mexico are the top 5 countries where the unbanked population is the largest,