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What Can FinTech Learn From The UAE's Rise As The Next Hotspot? [Forbes]
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US:NASDAQ Investor Relations: investor.paypal-corp.com
The United Arab Emirates (UAE) is shaping up to be the world's next FinTech hub, and this should not come as a surprise. Initiatives like the Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM) have boosted foreign direct investments (FDI) in the financial sector. In fact, according to UAE government records , the region ranks second globally in terms of FDI. Many of these FDIs are from FinTech startups performing incredibly well. For example, the UAE FinTech market is projected to reach $3.56 billion in 2025 and $6.43 billion by 2030, growing at a CAGR of 12.56%. In comparison, the United Kingdom FinTech market is expanding at a CAGR of 10% . The difference between the markets is clear, but there's more. As the CEO of a tech company that creates FinTech solutions, I have closely followed innovations in the financial services sector over the years. Providing FinTech solutions to clients in the MENA region has given me more profound insights into the reg
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