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The Fintech Times has launched its third annual report into the fintech landscape in the Middle East and Africa (MEA) region. It begins with a macro-level overview and then delves into specific aspects of the industry to offer a comprehensive picture of the fintech ecosystem in the area.
The Fintech Times’ The Middle East & Africa Report 2023: Economic Development Through Prosperity With Fintech puts the spotlight on the region’s economic development and how its market demand and government support have impacted the growth and development of the fintech industry.
The Fintech Times' annual report provides an in-depth analysis of the fintech landscape in the Middle East and Africa (MEA), emphasizing economic development through fintech. The report showcases the region's economic progress, market demand, and governmental support influencing fintech growth. Despite global challenges like the Ukraine war, inflation, and pandemic recovery, the MEA region's fintech sector is seen as dynamic and transformative, especially for financial inclusion. With over 3,000 fintech solutions in MEA and significant contributions to some countries' GDPs, the report highlights the diverse and developing fintech ecosystem across key countries and areas like Israel, Nigeria, Kenya, Egypt, South Africa, Turkey, and the Gulf Cooperation Council countries. Salt Edge collaborates as a strategic partner, promoting open banking in the region.
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