Page 10 - BKN301 PR Report - December 2023

Decoding MENA’s Fintech landscape with BKN301 - Edge Middle East

their entire system each time.
lower cost, fostering innovation in the industry,” he said.

However, amidst the burgeoning growth, challenges persist. 
environment for workers to access ë
is essential, especially for low-wage workers facing hurdles in opening bank accounts in certain
regions. “Another challenge relates to currency, as most currencies in the region are tied to the

dollar. Addressing these issues is essential to protect ë

Looking forward, Stiven foresees the Fintech landscape evolving globally, mirroring trends
observed in Europe and the United States. “Traditional banking systems may shift focus to
corporate and big business, while the retail sector could be covered by neobanks, digital banks,
and Fintech companies.” 
small and large players in navigating this transforming landscape.


growth and innovation. Challenges notwithstanding, the industry’s future lies in the hands of
adaptable and forward-thinking players, driven by the need for ë
services, and a commitment to staying ahead of the technological curve.

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