Middle East And North Africa Fintech Market

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Middle East and North Africa Fintech Market, By Technology (API, Artificial Intelligence, Blockchain, Distributed Computing, Others); Application (Banking, Insurance, Securities, Others); Service (Payments, Fund Transfer, Personal Finance, Loans, Insurance, Wealth Management); Deployment Mode (Cloud, On-Premises); By Country (Saudi, UAE, Qatar, Kuwait, Iran, Western Sahara, Libya, Tunisia, Egypt, Morocco, Algeria, Rest of MENA), Trend Analysis, Competitive Landscape & Forecast, 2022–2028

Published Date: October 2022
Report ID: BWC22436
Available Format: PDF
Page: 105

Report Overview

Increasing focus on technological innovations, consumer demographics, and government initiatives are expected to drive the expansion of MENA (Middle East and North Africa) Fintech Market at a robust growth rate during the forecast period (2022–2028).

Middle East and North Africa Fintech Market - Industry Trends & Forecast Report, 2028

Middle East and North Africa (MENA) Fintech Market size to grow at a robust CAGR of 24.8% during the forecast period between 2022 and 2028. This can be attributed to factors, such as massive young and tech-savvy population adopting new and innovative financial products and services, increasing mobile and internet penetration, and a growing awareness of Fintech potential to solve many of the region’s financial challenges, such as access to banking services and cross-border payments. In addition, the startups in the MENA region are tackling a wide range of issues, from financial inclusion and access to credit, to payments and money transfer coupled with the continued support of governments and investors is expected to create additional potential opportunities for the expansion of the Middle East and Africa Fintech in coming years.

Middle East and Africa (MENA) Fintech Market

Growth Drivers

Advancements in Fintech and increasing smart phone usage

Technology plays an integral part in growth of fintech because of its virtual realm operations specially the mobile apps that have broadened the accessibility of financial services with increased speed for commoners. It gives a user personalized and real-time financial service through the app. In addition, contactless payments especially during the pandemic has given people the freedom to not carry their wallets wherever they go.

In addition, high investments in technological solutions by banks and companies are a key factor in the growth of the Middle East and Africa fintech market. Furthermore, infrastructure-based technology and APls are reshaping the future of the financial services industry, contributing to the global fintech market's growth. Also, Fintech firms offer customized products at low cost because of emerging technology developments that raise customer expectations, driving market growth on a large scale.

Increasing implementation of emerging technologies

Several Fintech companies are increasingly implementing emerging technologies, such as blockchain, to improve their security and efficiency. Blockchain is a technology that consists of the use of a distributed database accessible to all network users, where each user can add a new data record (block) with an immutable time stamp. Blockchain technology maintains data authentication by limiting changes to older data blocks while allowing users to continue adding new data blocks, resulting in high security and transparency for fintech companies. It increases trading accuracy, shortens the settlement process, and lowers risk.

Restraints

Low degree of financial inclusion

MENA Fintech market continues to encounter challenges that hinder its expansion. While the market is fast evolving in terms of technological solutions, it requires extra funding from outside sources to expand its influence. Furthermore, while many Middle Eastern banks are collaborating with Fintech on pilot initiatives and in-depth conversations, few strategic alliances have emerged. Financial inclusion is a problem in MENA. According to a report by World Bank, only 52% of men and 35% of women have a formal banking account, implying that 48% of men and 65% of women are unbanked and unable to receive financial services. This not only reflects a low degree of financial inclusion, but also a significant gender gap in terms of financial inclusion. Furthermore, the vast number of unbanked people could cause problems for small and medium-sized firms, with larger corporations having a stranglehold on the international market. If properly implemented, increasing financial technology could function as a leveler.

Impact of COVID-19 on Middle East and Africa Fintech Market

COVID-19 pandemic brought attention to the growing need for digitization, with Fintech and digital banking enabling secure and remote operations not only in the global financial services business, but throughout the economy. The Gulf Cooperation Council (GCC) is significantly investing in Fintech, with Saudi Arabia's efforts being led by the Financial Sector Development Program (FSDP), which is integrated with the Vision 2030 program to accelerate the Fintech industry's growth. The Saudi Arabian Monetary Authority (SAMA) oversees putting the Fintech strategy into action, drawing on lessons learned from prominent Fintech hubs around the world, such as Singapore and the United Kingdom.

Segmental Coverage

Middle East and North Africa (MENA) Fintech Market – By Technology

Based on the technology, MENA (Middle East and North Africa) Fintech Market is segmented into API, Distributed Computing, Artificial Intelligence, Blockchain, and Others. Out of which, the Artificial Intelligence segment holds the highest market share and is expected to maintain its dominance during the forecast period.

Middle East and North Africa Fintech Market

Middle East and North Africa (MENA) Fintech Market – By Region

The MENA fintech market is divided into several regions, including the UAE, Saudi Arabia, South Africa, and others. The MENA fintech market is expected to grow in the coming years, owing to the region's strong adoption and development of the main technologies involved in the fintech sector.

Competitive Landscape

Fintech companies including Liv., Tamara, Pepper, Tabby, PayTabs, and Sarwa have made significant investments in MENA. Adoption of Fintech platforms and upgrading to innovative technology increases competition within the market. As COVID-19 and urbanization drive people to adopt new payment methods and contactless payment gateways, innovation and technological advancement are accelerating the growth of MENA Fintech market growth.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2018–2021
	Base Year – 2021
	Estimated Year – 2022
	Forecast Period – 2022–2028
Facts Covered	Revenue in USD Million
Market Coverage	Middle East & North Africa (Saudi Arabia, UAE, Qatar, Kuwait, Iran, South Africa, Nigeria, Kenya, Egypt, Morocco, Algeria, Rest of Middle East & North Africa)
Product/ Service Segmentation	Technology, Application, Service, Deployment Mode, Country
Key Players	PayPal Holdings, Ant Group, Afterpay Limited, Google Pay (Alphabet Inc.), Klarna Bank AB, Social Finance, Inc., Avant, LLC, AMAN Holdings, Beehive, BitOasis, Eazy Financial Services, Mercury Payments Services, Paymob, Postpay, Upayments, ValU, Mashreq Neo.

By Technology

API
Artificial Intelligence
Block chain
Distributed Computing
Others

By Application

Banking
Insurance
Securities
Others

By Service

Payments
Fund Transfer
Personal Finance
Loans
Insurance
Wealth Management

By Deployment Mode

Cloud
On-Premises

By Country

Saudi Arabia
UAE
Qatar
Kuwait
Iran
Western Sahara
Libya
Tunisia
Egypt
Morocco
Algeria
Rest of MENA

Research Framework
1. Research Objective
2. Type Overview
3. Market Segmentation
Executive Summary
Middle East and North Africa (MENA) Fintech Market Insights
1. Industry Value Chain Analysis
2. DROC Analysis
  1. Growth Driver
    1. Technological Advancements/Growth in Mobile Usage
    2. Less Stringent Regulations as Compared to Other Financial Institutions
    3. Increasing Investments in regtech
    4. Booming e-commerce industries
  2. Restraints
    1. Averting Cyber Attacks
    2. Lack of Mobile and Tech Expertise
    3. Data Security
  3. Opportunity
    1. Customer Expectations Favor Fintech Companies
    2. Financial Technology Sector Matured Providing Greater Access to Capital
  4. Challenges
    1. The Need for Human Touch
    2. Data Security
    3. User Retention and User Experience
3. Technological Advancement/Recent Development
4. Regulatory Framework
5. Porter’s Five Forces Analysis
  1. Bargaining Power of Suppliers
  2. Bargaining Power of Buyers
  3. Threat of New Entrants
  4. Threat of Substitutes
  5. Intensity of Rivalry
Middle East and North Africa (MENA) Fintech Market Overview
1. Market Size & Forecast by Value, 2018-2028
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Technology
    1. API
    2. Artificial Intelligence
    3. Blockchain
    4. Distributed Computing
    5. Others
  2. By Application
    1. Banking
    2. Insurance
    3. Securities
    4. Others
  3. By Service
    1. Payments
    2. Fund Transfer
    3. Personal Finance
    4. Loans
    5. Insurance
    6. Wealth Management
  4. By Deployment Mode
    1. Cloud
    2. On-Premises
  5. By Country
    1. Saudi Arabia
    2. UAE
    3. Qatar
    4. Kuwait
    5. Iran
    6. Western Sahara
    7. Libya
    8. Tunisia
    9. Egypt
    10. Morocco
    11. Algeria
    12. Rest of MENA
Saudi Arabia Fintech Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Million)
2. Market Share & Forecast
3. By Technology
4. By Application
5. By Service
6. By Deployment Mode
UAE Fintech Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Million)
2. Market Share & Forecast
3. By Technology
4. By Application
5. By Service
6. By Deployment Mode
Qatar Fintech Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Million)
2. Market Share & Forecast
3. By Technology
4. By Application
5. By Service
6. By Deployment Mode
Kuwait Fintech Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Million)
2. Market Share & Forecast
3. By Technology
4. By Application
5. By Service
6. By Deployment Mode
Iran Fintech Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Million)
2. Market Share & Forecast
3. By Technology
4. By Application
5. By Service
6. By Deployment Mode
Western Sahara Fintech Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Million)
2. Market Share & Forecast
3. By Technology
4. By Application
5. By Service
6. By Deployment Mode
Libya Fintech Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Million)
2. Market Share & Forecast
3. By Technology
4. By Application
5. By Service
6. By Deployment Mode
Tunisia Fintech Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Million)
2. Market Share & Forecast
3. By Technology
4. By Application
5. By Service
6. By Deployment Mode
Morocco Fintech Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Million)
2. Market Share & Forecast
3. By Technology
4. By Application
5. By Service
6. By Deployment Mode
Algeria Fintech Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Million)
2. Market Share & Forecast
3. By Technology
4. By Application
5. By Service
6. By Deployment Mode
Rest of MENA Fintech Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Million)
2. Market Share & Forecast
3. By Technology
4. By Application
5. By Service
6. By Deployment Mode
Competitive Landscape
1. List of Key Players and Their Offerings
2. Company Market Share Analysis, 2021
3. Competitive Benchmarking, By Operating Parameters
4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, and others)
Impact of Covid-19 on MENA Fintech Market
Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
1. PayPal Holdings
2. Ant Group
3. Afterpay Limited
4. Google Pay (Alphabet Inc.)
5. Klarna Bank AB
6. Social Finance, Inc.
7. Avant, LLC
8. AMAN Holdings
9. Beehive
10. BitOasis
11. Eazy Financial Services
12. Mercury Payments Services
13. Paymob
14. Postpay
15. Upayments
16. ValU
17. Mashreq Neo
18. Other Prominent Players
Key Strategic Recommendations
Research Methodology
1. Qualitative Research
  1. Primary & Secondary Research
2. Quantitative Research
3. Market Breakdown & Data Triangulation
  1. Secondary Research
  2. Primary Research
4. Breakdown of Primary Research Respondents, By Region
5. Assumptions & Limitations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1 Middle East and North Africa (MENA) Fintech Market Size, By Value (USD Billion), 2022-2028

Figure 2 Middle East and North Africa (MENA) Fintech Market Share, By Technology, By Value, 2022-2028

Figure 3 Middle East and North Africa (MENA) Fintech Market Share, By Application, By Value, 2022-2028

Figure 4 Middle East and North Africa (MENA) Fintech Market Share, By Service, By Value, 2022-2028

Figure 5 Middle East and North Africa (MENA) Fintech Market Share, By Deployment Mode, By Value, 2022-2028

Figure 6 Middle East and North Africa (MENA) Fintech Market Share, By Country, By Value, 2022-2028

Figure 7 Saudi Arabia Fintech Market Size, By Value (USD Billion), 2022-2028

Figure 8 Saudi Arabia Fintech Market Share, By Technology, By Value, 2022-2028

Figure 9 Saudi Arabia Fintech Market Share, By Application, By Value, 2022-2028

Figure 10 Saudi Arabia Fintech Market Share, By Service, By Value, 2022-2028

Figure 11 Saudi Arabia Fintech Market Share, By Deployment Mode, By Value, 2022-2028

Figure 12 UAE Fintech Market Size, By Value (USD Billion), 2022-2028

Figure 13 UAE Fintech Market Share, By Technology, By Value, 2022-2028

Figure 14 UAE Fintech Market Share, By Application, By Value, 2022-2028

Figure 15 UAE Fintech Market Share, By Service, By Value, 2022-2028

Figure 16 UAE Fintech Market Share, By Deployment Mode, By Value, 2022-2028

Figure 17 Qatar Fintech Market Size, By Value (USD Billion), 2022-2028

Figure 18 Qatar Fintech Market Share, By Technology, By Value, 2022-2028

Figure 19 Qatar Fintech Market Share, By Application, By Value, 2022-2028

Figure 20 Qatar Fintech Market Share, By Service, By Value, 2022-2028

Figure 21 Qatar Fintech Market Share, By Deployment Mode, By Value, 2022-2028

Figure 22 Kuwait Fintech Market Size, By Value (USD Billion), 2022-2028

Figure 23 Kuwait Fintech Market Share, By Technology, By Value, 2022-2028

Figure 24 Kuwait Fintech Market Share, By Application, By Value, 2022-2028

Figure 25 Kuwait Fintech Market Share, By Service, By Value, 2022-2028

Figure 26 Kuwait Fintech Market Share, By Deployment Mode, By Value, 2022-2028

Figure 27 Iran Fintech Market Size, By Value (USD Billion), 2022-2028

Figure 28 Iran Fintech Market Share, By Technology, By Value, 2022-2028

Figure 29 Iran Fintech Market Share, By Application, By Value, 2022-2028

Figure 30 Iran Fintech Market Share, By Service, By Value, 2022-2028

Figure 31 Iran Fintech Market Share, By Deployment Mode, By Value, 2022-2028

Figure 32 Western Sahara Fintech Market Size, By Value (USD Billion), 2022-2028

Figure 33 Western Sahara Fintech Market Share, By Technology, By Value, 2022-2028

Figure 34 Western Sahara Fintech Market Share, By Application, By Value, 2022-2028

Figure 35 Western Sahara Fintech Market Share, By Service, By Value, 2022-2028

Figure 36 Western Sahara Fintech Market Share, By Deployment Mode, By Value, 2022-2028

Figure 37 Libya Fintech Market Size, By Value (USD Billion), 2022-2028

Figure 38 Libya Fintech Market Share, By Technology, By Value, 2022-2028

Figure 39 Libya Fintech Market Share, By Application, By Value, 2022-2028

Figure 40 Libya Fintech Market Share, By Service, By Value, 2022-2028

Figure 41 Libya Fintech Market Share, By Deployment Mode, By Value, 2022-2028

Figure 42 Tunisia Fintech Market Size, By Value (USD Billion), 2022-2028

Figure 43 Tunisia Fintech Market Share, By Technology, By Value, 2022-2028

Figure 44 Tunisia Fintech Market Share, By Application, By Value, 2022-2028

Figure 45 Tunisia Fintech Market Share, By Service, By Value, 2022-2028

Figure 46 Tunisia Fintech Market Share, By Deployment Mode, By Value, 2022-2028

Figure 47 Egypt Fintech Market Size, By Value (USD Billion), 2022-2028

Figure 48 Egypt Fintech Market Share, By Technology, By Value, 2022-2028

Figure 49 Egypt Fintech Market Share, By Application, By Value, 2022-2028

Figure 50 Egypt Fintech Market Share, By Service, By Value, 2022-2028

Figure 51 Egypt Fintech Market Share, By Deployment Mode, By Value, 2022-2028

Figure 52 Morocco Fintech Market Size, By Value (USD Billion), 2022-2028

Figure 53 Morocco Fintech Market Share, By Technology, By Value, 2022-2028

Figure 54 Morocco Fintech Market Share, By Application, By Value, 2022-2028

Figure 55 Morocco Fintech Market Share, By Service, By Value, 2022-2028

Figure 56 Morocco Fintech Market Share, By Deployment Mode, By Value, 2022-2028

Figure 57 Algeria Fintech Market Size, By Value (USD Billion), 2022-2028

Figure 58 Algeria Fintech Market Share, By Technology, By Value, 2022-2028

Figure 59 Algeria Fintech Market Share, By Application, By Value, 2022-2028

Figure 60 Algeria Fintech Market Share, By Service, By Value, 2022-2028

Figure 61 Algeria Fintech Market Share, By Deployment Mode, By Value, 2022-2028

Figure 62 Rest of Middle East and North Africa (MENA) Fintech Market Size, By Value (USD Billion), 2022-2028

Figure 63 Rest of Middle East and North Africa (MENA) Fintech Market Share, By Technology, By Value, 2022-2028

Figure 64 Rest of Middle East and North Africa (MENA) Fintech Market Share, By Application, By Value, 2022-2028

Figure 65 Rest of Middle East and North Africa (MENA) Fintech Market Share, By Service, By Value, 2022-2028

Figure 66 Rest of Middle East and North Africa (MENA) Fintech Market Share, By Deployment Mode, By Value, 2022-2028

List of Tables

Table 1 The Middle East and North Africa (MENA) Fintech Market Size, By Technology, By Value, 2022-2028

Table 2 The Middle East and North Africa (MENA) Fintech Market Size, By Application, By Value, 2022-2028

Table 13 The Middle East and North Africa (MENA) Fintech Market Size, By Service, By Value, 2022-2028

Table 4 The Middle East and North Africa (MENA) Fintech Market Size, By Deployment Mode, By Value, 2022-2028

Table 5 The Middle East and North Africa (MENA) Fintech Market Size, By Country, By Value, 2022-2028

Table 6 Saudi Arabia Fintech Market Size, By Technology, By Value, 2022-2028

Table 7 Saudi Arabia Fintech Market Size, By Application, By Value, 2022-2028

Table 8 Saudi Arabia Fintech Market Size, By Service, By Value, 2022-2028

Table 9 Saudi Arabia Fintech Market Size, By Deployment Mode, By Value, 2022-2028

Table 10 UAE Fintech Market Size, By Technology, By Value, 2022-2028

Table 11 UAE Fintech Market Size, By Application, By Value, 2022-2028

Table 12 UAE Fintech Market Size, By Service, By Value, 2022-2028

Table 13 UAE Fintech Market Size, By Deployment Mode, By Value, 2022-2028

Table 14 Qatar Fintech Market Size, By Technology, By Value, 2022-2028

Table 15 Qatar Fintech Market Size, By Application, By Value, 2022-2028

Table 16 Qatar Fintech Market Size, By Service, By Value, 2022-2028

Table 17 Qatar Fintech Market Size, By Deployment Mode, By Value, 2022-2028

Table 18 Kuwait Fintech Market Size, By Technology, By Value, 2022-2028

Table 19 Kuwait Fintech Market Size, By Application, By Value, 2022-2028

Table 20 Kuwait Fintech Market Size, By Service, By Value, 2022-2028

Table 21 Kuwait Fintech Market Size, By Deployment Mode, By Value, 2022-2028

Table 22 Iran Fintech Market Size, By Technology, By Value, 2022-2028

Table 23 Iran Fintech Market Size, By Application, By Value, 2022-2028

Table 24 Iran Fintech Market Size, By Service, By Value, 2022-2028

Table 25 Iran Fintech Market Size, By Deployment Mode, By Value, 2022-2028

Table 26 Western Sahara Fintech Market Size, By Technology, By Value, 2022-2028

Table 27 Western Sahara Fintech Market Size, By Application, By Value, 2022-2028

Table 28 Western Sahara Fintech Market Size, By Service, By Value, 2022-2028

Table 29 Western Sahara Fintech Market Size, By Deployment Mode, By Value, 2022-2028

Table 30 Libya Fintech Market Size, By Technology, By Value, 2022-2028

Table 31 Libya Fintech Market Size, By Application, By Value, 2022-2028

Table 32 Libya Fintech Market Size, By Service, By Value, 2022-2028

Table 33 Libya Fintech Market Size, By Deployment Mode, By Value, 2022-2028

Table 34 Tunisia Fintech Market Size, By Technology, By Value, 2022-2028

Table 35 Tunisia Fintech Market Size, By Application, By Value, 2022-2028

Table 36 Tunisia Fintech Market Size, By Service, By Value, 2022-2028

Table 37 Tunisia Fintech Market Size, By Deployment Mode, By Value, 2022-2028

Table 38 Egypt Fintech Market Size, By Technology, By Value, 2022-2028

Table 39 Egypt Fintech Market Size, By Application, By Value, 2022-2028

Table 40 Egypt Fintech Market Size, By Service, By Value, 2022-2028

Table 41 Egypt Fintech Market Size, By Deployment Mode, By Value, 2022-2028

Table 42 Morocco Fintech Market Size, By Technology, By Value, 2022-2028

Table 43 Morocco Fintech Market Size, By Application, By Value, 2022-2028

Table 44 Morocco Fintech Market Size, By Service, By Value, 2022-2028

Table 45 Morocco Fintech Market Size, By Deployment Mode, By Value, 2022-2028

Table 46 Algeria Fintech Market Size, By Technology, By Value, 2022-2028

Table 47 Algeria Fintech Market Size, By Application, By Value, 2022-2028

Table 48 Algeria Fintech Market Size, By Service, By Value, 2022-2028

Table 49 Algeria Fintech Market Size, By Deployment Mode, By Value, 2022-2028

Table 50 Rest of Middle East and North Africa (MENA) Fintech Market Size, By Technology, By Value, 2022-2028

Table 51 Rest of Middle East and North Africa (MENA) Fintech Market Size, By Application, By Value, 2022-2028

Table 52 Rest of Middle East and North Africa (MENA) Fintech Market Size, By Service, By Value, 2022-2028

Table 53 Rest of Middle East and North Africa (MENA) Fintech Market Size, By Deployment Mode, By Value, 2022-2028

Table 54 PAYPAL HOLDINGS Company Overview

Table 55 PAYPAL HOLDINGS Financial Overview

Table 56 Ant Group Company Overview

Table 57 Ant Group Financial Overview

Table 58 Afterpay Limited Company Overview

Table 59 Afterpay Limited Financial Overview

Table 60 Google Pay (Alphabet Inc.) Company Overview

Table 61 Google Pay (Alphabet Inc.) Financial Overview

Table 62 Klarna Bank AB Company Overview

Table 63 Klarna Bank AB Financial Overview

Table 64 Social Finance, Inc. Company Overview

Table 65 Social Finance, Inc. Financial Overview

Table 66 Postpay Company Overview

Table 67 Postpay Financial Overview

Table 68 AMAN Holdings Company Overview

Table 69 AMAN Holdings Financial Overview

Table 70 Beehive Company Overview

Table 71 Beehive Financial Overview

Table 72 BitOasis Company Overview

Table 73 BitOasis Financial Overview

Table 74 Eazy Financial Services Company Overview

Table 75 Eazy Financial Services Financial Overview

Table 76 Mercury Payments Services Company Overview

Table 77 Mercury Payments Services Financial Overview

Table 78 Paymob Company Overview

Table 79 Paymob Financial Overview

Table 80 Postpay Company Overview

Table 81 Postpay Financial Overview

Table 80 Upayments Company Overview

Table 81 Upayments Financial Overview

Table 80 ValU Company Overview

Table 81 ValU Financial Overview

Table 82 Mashreq Neo Company Overview

Table 83 Mashreq Neo Financial Overview

Market Segmentation

By Technology

API
Artificial Intelligence
Block chain
Distributed Computing
Others

By Application

Banking
Insurance
Securities
Others

By Service

Payments
Fund Transfer
Personal Finance
Loans
Insurance
Wealth Management

By Deployment Mode

Cloud
On-Premises

By Country

Saudi Arabia
UAE
Qatar
Kuwait
Iran
Western Sahara
Libya
Tunisia
Egypt
Morocco
Algeria
Rest of MENA

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Frequently Asked Questions (FAQs):

1. What is the expected growth rate of Middle East and Africa Fintech Market?

Ans: Middle East and Africa Fintech Market size is expected to grow at a robust CAGR of 24.8% during the forecast period between 2022 and 2028.

2. What are the major factors driving the growth of the Middle East and Africa Fintech Market?

Ans: Major factors driving the growth of Middle East and Africa Fintech Market include technology advancements, booming e-commerce sector, and less stringent regulations.

3. Which segment accounted for the highest share in the Middle East and Africa Fintech Market by technology?

Ans: The Artificial Intelligence segment accounted for the highest share in the Middle East and Africa Fintech Market by technology.

4. Name the key players in the Middle East and Africa Fintech Market.

Ans: Key players in Middle East and Africa Fintech Market include PayPal Holdings, Ant Group, Afterpay Limited, Google Pay (Alphabet Inc.), Klarna Bank AB, Social Finance, Inc., Avant, LLC, AMAN Holdings, Beehive, BitOasis, Eazy Financial Services, Mercury Payments Services, Paymob, Postpay, Upayments, ValU, and Mashreq Neo.

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