Launch of Qatar’s National FinTech Strategy 2023 In March 2023, the Qatar Central Bank (QCB) launched the “Qatar National FinTech Strategy 2023,” aiming to transform Qatar into a digitally advanced nation and a financial technology hub. The strategy focuses on enhancing innovation in the financial sector, attracting foreign direct investments, and building future skills…
Qatar’s fintech sector has seen remarkable growth over the past five years, driven by the government’s Qatar National Vision 2030, which prioritizes digitalization and a cashless economy, Mohammed Al-Delaimi, CEO and Co-Founder of PayLater, Qatar’s first fully licensed Buy Now, Pay Later (BNPL) platform has said. “The QCB’s fintech strategy, including a five-year roadmap for…
A Forbes report has forecast that the financial technology (fintech) market in the UAE is expected to reach US$3.56 billion in 2025, and US$6.43 billion by 2030, with a compound annual growth rate (CAGR) of 12.56 percent, positioning the country among the fastest-growing global markets. The report, titled “What Can FinTech Learn From The UAE’s…
Dubai Islamic Bank (DIB) is open to acquisition opportunities in its home base and the markets it operates beyond the Arab world’s second-largest economy as it looks to increase its market share, its group chief executive has said. The Dubai-headquartered lender is interested in acquiring a variety of assets that are complementary to the business…
His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, has recently met Crypto.com president and chief operating officer Eric Anziani at Gudaibiya Palace. HRH Prince Salman emphasised the kingdom’s commitment to advancing the financial services and digital technology sectors, both of which are priorities that contribute to supporting the kingdom’s…
Middle East’s financial landscape is poised for both continuity and transformation in 2025. While traditional banking metrics signal stability, FinTech is reshaping how financial services are delivered, reflecting a sector where innovation and resilience coexist. Fitch Ratings’ latest Middle East Banks Outlook 2025 paints a ‘neutral’ picture for the region’s banking sector. Credit growth is…
The growth of Artificial Intelligence in the Fintech market is fueled by the increasing need for intelligent financial solutions that enhance customer experience, reduce risks, and improve decision-making in real time. The SNS Insider report indicates that the AI in the fintech market was valued at USD 12.2 billion in 2023 and is projected to…
The third edition of the MENA Fintech Festival concluded yesterday, following a three day affair that saw fintech leaders and key players coming together to remark on the financial landscape across the region. The opening ceremony of the three-day event witnessed the participation of the Assistant Governor for Financial Instruments and Payment Systems at Qatar…
More and more companies in the financial services sector are adopting cutting-edge technology, and customers now have an increased expectation of what their financial providers should be able to do. If a company cannot complete tasks promptly or lacks essential capabilities, customers are likely to seek a new provider. The wealth management sector is a…
Singapore and Rwanda are partnering to host the Inclusive Fintech Forum (IFF) 2025 in Kigali from 24-26 February. The event, organized by Singapore’s Global Finance & Technology Network, Rwanda’s Kigali International Financial Centre (KIFC), and the National Bank of Rwanda, aims to leverage technology for economic inclusion. Launched at the Singapore Fintech Festival 2024, IFF…
