The State of Paytech in the Middle East: Digital and Disruptive

The State of Paytech in the Middle East: Digital and Disruptive

We spoke to several leaders in the industry to understand some of the key trends currently in the paytech space, as well as some of the challenges and what the future holds for the sector. Rise and Xare Rise and Xare' s CEO and co-founder - Padmini Gupta, believes that digitisation is one of the key trends in the space. " The digitisation of money will lead to a big win for tech-savvy business and paytechs in general. We see this digitisation as a huge opportunity for rise because of our focus on migrants who have largely used cash as a means of payment. Our entire product range allows for migrants to save, protect, and share their money without the use of cash.“ " My home country is the US, and I see it's been a hotbed of big tech getting in on finance. With the launch of apple family pay, a proposition that actually validates Xare's proposition of sharing money, we feel that there is an opportunity for growth even in the most developed of markets.“ Mamo Mohammad El Saadi is the co-founder and CEO of Mamo , a Fintech start-up based in the UAE. He agrees with Padmini,