Breaking News
GCC set for fintech surge, reveals Mastercard study
The GCC is set for a surge in the use of fintech apps during the current global health crisis as new figures from Mastercard reveal a 70 percent increase in the use of contactless payments in the MEA region.
Consumers are increasingly turning away from physical offerings during the ongoing COVID-19 outbreak, with startups and financial institutions continuing to offer services through digital channels.
According to research by Mastercard, 70 percent of respondents in the Middle East and Africa are now using contactless payments, with 81 percent confirming they will continue to do so once the pandemic is over.
David Parker, co-chief investment officer for the financial services sector at Bahrain Economic Development Board, said the GCC is set to see a trend toward fintech platforms in the coming months.
“At a time when few customers can access physical services, fintech platforms across the GCC are experiencing a surge in use — something we anticipate continuing well into the summer months.”
Companies In This Post
- Business Show Media, Organizer of the World’s Largest Business Events, Reimagines the White Label World Expo for an Exciting New Era Read more
- The Finalists Announced for the 2025 FF Awards Read more
- How the New Generation of Digital Wallets Will Upend Fintech Read more
- EXCLUSIVE: “‘Shadow Boxing'” – Rajul Sood, Acuity Knowledge Partners in ‘The Fintech Magazine’ Read more
- Vennre Builds Wealth Tech Platform Read more
Business Show Media, Organizer of the World’s Largest Business Events, Reimagines the White Label World Expo for an Exciting New Era
Business Show Media, the award-winning powerhouse behind the world’s most influential business events, has officially acquired the White Label World Expo, with a vision to transform it into an unmissable global platform for innovation, partnerships, and growth.
The Finalists Announced for the 2025 FF Awards
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
The Evolving Role of Payment Orchestration in E-Commerce
As global e-commerce continues to surge, the need for seamless, intelligent, and flexible payment infrastructure has never been greater. With online shopping reshaping retail and customer expectations rising, merchants are increasingly investing in technologies that optimise payment flows, reduce friction, and maximise conversion rates.
OpenPayd Appoints Yasemin Swanson as Chief Operations Officer
OpenPayd, a leading provider of financial infrastructure, today announced the appointment of Yasemin Swanson as its Chief Operations Officer. Swanson joins from ClearBank, where she was Chief Business Officer.
TerraPay Becomes One of the First Global Payment Leaders To Adopt Stablecoin-Native Flows, Powered by Fipto
TerraPay, a global money movement company, today announced the launch of stablecoin-native flows in partnership with Fipto, the regulated infrastructure layer powering secure, compliant blockchain-based treasury operations.
OpenDialog and Durell Announce Strategic Partnership to Bring AI-Powered Quote Journeys to Insurance E-trade
OpenDialog, the AI Agent platform built to transform customer journeys in insurance, today announced a strategic partnership with Durell, an established provider in the insurance software market.
Sharegain Appoints Nicholas Hay as Global Head of Demand Coverage
Sharegain, a leading global capital markets fintech, today announced the appointment of Nick Hay as Global Head of Demand Coverage. This strategic US hire marks a significant milestone in Sharegain’s mission to reshape the securities lending landscape and deliver greater value to borrowers worldwide.
Business Show Media, Organizer of the World’s Largest Business Events, Reimagines the White Label World Expo for an Exciting New Era
Business Show Media, the award-winning powerhouse behind the world’s most influential business events, has officially acquired the White Label World Expo, with a vision to transform it into an unmissable global platform for innovation, partnerships, and growth.
The Finalists Announced for the 2025 FF Awards
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
How the New Generation of Digital Wallets Will Upend Fintech
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
EXCLUSIVE: “‘Shadow Boxing'” – Rajul Sood, Acuity Knowledge Partners in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Vennre Builds Wealth Tech Platform
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
The Evolving Role of Payment Orchestration in E-Commerce
As global e-commerce continues to surge, the need for seamless, intelligent, and flexible payment infrastructure has never been greater. With online shopping reshaping retail and customer expectations rising, merchants are increasingly investing in technologies that optimise payment flows, reduce friction, and maximise conversion rates.
OpenPayd Appoints Yasemin Swanson as Chief Operations Officer
OpenPayd, a leading provider of financial infrastructure, today announced the appointment of Yasemin Swanson as its Chief Operations Officer. Swanson joins from ClearBank, where she was Chief Business Officer.