Middle East and North Africa Slow to Adopt FinTech, Say Experts
The Middle East and North Africa (Mena) region is being slow to adopt fintech services, putting them behind other nations who are embracing the sector, experts have said at a recent conference. Speaking at the Dubai International Finance Centre (DIFC) were Mustafa Adil, Thomson Reuters’ Head of Islamic Finance – Mena and Dr Jarmo Kotilaine, Chief Economist of the Bahrain Economic Development Board. According to a report from Thomson Reuters, worldwide fintech funding amounted to $25.8 billion in 2015. There was an average investment of $44 million per company compared to a typical startup....
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