UAE is the fintech leader in Middle East

The UAE has taken a lead in regional fintech investments in Middle East and North Africa (Mena) region. Babu Das Augustine writes that on the Gulf News Business.
“The UAE has the most developed fintech ecosystem in the region, mainly due to the government’s initiative to provide an enabling regulatory environment and financial sup-port for fintech initiatives. However, widespread fintech adoption in the private sector is still not a reality,” said Garbis Iradian, IIF’s (Institute of International Finance) Mena chief economist.