Emirati Arabi Uniti
DUBAI COMMERCIAL PROPERTY MARKET RECORDS 24% JUMP IN GROWTH, RAKES IN $24.5BN IN
The GCC region, particularly the UAE and Saudi Arabia, is witnessing rapid growth in fintech, driven by the adoption of open banking. The region's open banking payment volume is projected to surge from $230 billion in 2023 to over $930 billion by 2028. This growth is fueled by strong digital infrastructure, government-backed initiatives like Saudi Vision 2030 and the UAE's Centennial Plan 2071, and rising consumer demand for seamless financial services. Global fintech firms such as Revolut and Stripe are expanding into the region, while investments in AI, blockchain, and Banking-as-a-Service (BaaS) are enhancing innovation. Open banking is also improving cross-border payments and financial data access, with initiatives like the Buna platform and Project Aber supporting regional integration. The GCC is positioning itself as a global fintech hub. (ICE DUBAI)
Fonte notizia: https://www.arabianbusiness.com/industries/banking-finance/open-banking-fuels-gcc-fintech-boom-as-ua