MENA expected to hit $3 billion in annual FinTech revenues by 2025: OCCI’s Digital Economy and AI Committee Chairman

MENA expected to hit $3 billion in annual FinTech revenues by 2025: OCCI’s Digital Economy and AI Committee Chairman

Today, the Oman Chamber of Commerce and Industry (OCCI) spearheaded the Financial Technology Conference at the COMEX Global Technology Exhibition 2024.

The post MENA expected to hit $3 billion in annual FinTech revenues by 2025: OCCI’s Digital Economy and AI Committee Chairman appeared first on The Arabian Stories News.MUSCAT : The conference highlighted the increasing empowerment of financial technology (FinTech) to foster a vibrant digital financial environment. Key discussions centred around the integration of artificial intelligence in FinTech and the latest technological innovations aimed at enhancing financial development and supporting diverse economic sectors.

His Excellency Faisal bin Abdullah Al Rawas, Chairman of the Oman Chamber of Commerce and Industry, emphasized the transformative impact of FinTech on economic growth. He noted that FinTech has democratized access to financial services, fostering innovation and competition in the financial sector. This transformation, he said, has opened up new economic opportunities and enhanced the overall business environment by promoting financial inclusion and enabling faster growth for commercial entities.

The conference also addressed the legislative and infrastructural needs to support FinTech, highlighting the importance of attracting international investments and providing expertise to local startups. His Excellency Dr. Taher bin Salem Al Amri, CEO of the Central Bank of