Thursday, May 23, 2024
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Mena’s FinTech Industry is Set for Rapid Expansion

According to Mordor Intelligence, a market intelligence and advisory company, the global FinTech sector is rapidly expanding and is expected to be worth $608 billion by 2029.

The Middle East and North Africa (Mena) region’s FinTech start-up and venture capital landscape is thriving, with over 800 FinTech start-ups valued at $15.5 billion, according to dealroom.co data.

With these in mind, the Dubai FinTech Summit began on Monday. The Summit, organized by DIFC, brings together 8,000 decision-makers, over 300 thought leaders, and over 200 exhibitors to discuss the most recent innovations and challenges and showcase cutting-edge technologies.

The Dubai FinTech Summit is intended to encourage cross-border collaboration and innovation, which are critical to transforming the global FinTech sector. The event provides a unique opportunity to learn about emerging FinTech trends and their potential to drive financial progress in the MEASA region.

The inaugural Dubai FinTech Summit drew over 5,000 C-suite executives from over 90 countries, over 1,000 investors, and 150 speakers. Over 20 memoranda of understanding were signed with global financial leaders during the Summit.

On Monday, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of the Dubai International Financial Centre (DIFC), met with global policymakers and financial industry leaders on the sidelines of the second Dubai FinTech Summit.

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Thursday, May 23, 2024

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