Via Mokshita P in sme10x.com: This boom can be attributed to the growing tech-savviness of consumers who are enthusiastically embracing digital banking services and non-cash payment methods. The steadfast commitment of Middle Eastern government authorities, including central banks and regulators, has also been instrumental in nurturing the fintech sector. These forward- looking institutions have facilitated the establishment of vital infrastructure, such as accelerators, incubators, and fintech hubs, providing a fertile ground for fintech innovation to flourish.
