Money Moves: The Growth and Future of Fintech in the Middle East
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Money Moves: The Growth and Future of Fintech in the Middle East
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As the tech sector across the Middle East builds momentum, one industry in particular has taken off and showed signs of strong future growth. The Middle East has seen rapid growth across the fintech industry, and regional demographics and digital habits suggest this industry has room to expand. More than 60 percent of the region's population is under the age of 30, and the region's population is also extremely tech-savvy, with smart phone and internet penetration rates above 90% in the UAE. Government support and fintech-friendly regulations are also fostering homegrown entrepreneurship in the region and attracting global players.
With us today to discuss where fintech is heading is Abdulaziz al Jouf, Chief Executive Officer for PayTabs. Abdulaziz sat down with us to discuss how fintech took off across the Middle East, where there is still room to grow, and what investors and founders can expect from this sector in years to come.