This means that there will be more payments revenue in Asia Pacific than in North America + Europe + Middle East + Africa and Latin America combined. Asia Pacific is expected to continue growing global payments revenue at the fastest rate of 8% CAGR to 2025.
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UAE and Oman have the highest internet and smartphone penetration rates of over 90%
The UAE is home to the largest cluster of fintechs and is the first destination for prominent global fintechs to establish themselves in the Arab world.