By Lucidity Insights Research Team • January 08, 2023
By 2025, the Asia Pacific region is expected to own more than half of the total global payments revenue, amounting to $1.3 Trillion USD
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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Shaping The Future of Fintech
In this report, we take a look at the attractiveness of each of the 19 MENA countries in terms of fintech and identify the top 5 hot spots for fintech activity in the region today.
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April 2024 sees MENAPT VC funding soar to $2.1B with mega investments in AI and Web3. Discover top deals from G42, DOP, Hailo, MagnusMetal, and Midas. Watch the video for insights!
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UAE and Oman have the highest internet and smartphone penetration rates of over 90%
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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.
