Middle East Fintech Market Size– By Service proposition- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Middle East Fintech Market Introduction and Overview
According to SPER market research, ‘Middle East Fintech Market Size – By Service proposition – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Europe Managed Security Service is predicted to reach USD XX billion by 2033 with CAGR of 10.26%.
The term fintech, which stands for financial technology, refers to a broad category of creative approaches that use technology to improve and simplify financial services. Digital payments, peer-to-peer lending, robo-advisors, blockchain technology and cryptocurrencies, insurtech, regtech (regulatory technology), and other services are all included in the fintech sector. With the emergence of contactless payment methods, smartphone payment apps, and digital wallets, fintech has completely changed the payment environment.
The epidemic hastened the uptake of online shopping and digital financial services. Lockdowns and other social distancing measures caused people to migrate to digital platforms for financial services such as banking and payment processing. Regulations have changed in a few places to make room for the expansion of digital banking and fintech. Governments realized how crucial fintech was to keeping financial services running during the pandemic and accelerating the recovery of the economy.
Scope of the Report:Report Metric Details
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Service proposition
Regions covered
Bahrain, Egypt, Iran, Israel, Qatar, Saudi Arabia, United Arab Emirates, Rest of MENA
Companies CoveredTamara, Liv. , Pepper, PayTabs, Tabby, Sarwa, Ila Bank, Bayzat, Eureeca, Cwallet and various others.
Middle East Fintech Market Key Segments Covered
By Service proposition:Based on the Service proposition, Middle East Fintech Market is segmented as; Digital Lending & Lending Marketplaces, Money Transfer and Payments, Online Insurance & Insurance Marketplaces, Savings and Investments, Other Service Propositions.
By Region:This research also includes data for Bahrain, Egypt, Iran, Israel, Qatar, Saudi Arabia, United Arab Emirates, Rest of MENA.