Understanding the MENA Region from a Fintech Perspective
Variations in the MENA Landscape
When we look at the Middle East and North Africa (MENA) region in particular, we find the same trends that are reported globally: a decline in cash usage, and an increase in fintech adoption; but the results vary significantly from country to country.
The 19 markets in the MENA region spans great variations, including some of the world’s wealthiest countries alongside the world’s poorest countries. MENA also has some of the world’s most connected (with regards to internet connectivity) as well as some of the most disconnected and disenfranchised countries in the world, as the following illustrations and graphs in this section will show.