New Report Highlights Continued Opportunities for Fintech Growth in the Middle East and Africa

New Report Highlights Continued Opportunities for Fintech Growth in the Middle East and Africa

Fintech has penetrated and transformed the Middle East and Africa (MEA)’s financial services landscape, financially including millions of people and enabling growth in other sectors. But despite the growth, new

The post New Report Highlights Continued Opportunities for Fintech Growth in the Middle East and Africa appeared first on Fintechnews Middle East.Fintech has penetrated and transformed the Middle East and Africa (MEA)’s financial services landscape, financially including millions of people and enabling growth in other sectors.

But despite the growth, new opportunities still exist in each market to create a financial ecosystem that’s convenient, synergistic and secure, a new report by Global Ventures, a venture capital (VC) firm based in the United Arab Emirates (UAE), says.

The report, which builds on the learnings from the firm’s first previous report in 2020, provides an overview of the fintech landscape in the MEA region, highlighting key takeaways, trends and developments since the last iteration of the report. As the industry matures, the 2023 paper focuses on the next wave of development, Fintech 2.0, offering an overview of the opportunities that will characterize the sector’s next phase of growth, and emphasizing an impending momentum across payments, lending, next-generation banking and banking infrastructure.

Over the last five years,