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Financial Technology Prospects in The Middle East and Africa
Journal: Journal of Economic Growth and Entrepreneurship (Vol.4, No. 3)Publication Date: 2021-03-04
Authors : Tahanout Kheira;
Page : 14-25
Keywords : Financial technology; Innovation; MENA; small and medium sized enterprises; financial services;
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Find it from : Google Scholar
Abstract
Fintech can enhance access to affordable financial services for unbanked populations and underserved SMEs. It can reduce delays and costs in cross-border remittances and foster efficiencies in government operations. The scale and pace of fintech in MENA, however, lags other regions. Fintech is yet to foster an inclusive digital economy, and there is a strong preference for cash payments.
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Last modified: 2021-12-24 00:48:23