The Middle East and Africa is often reported as having one of the smallest payments markets in the world in terms of available services. Despite this, it is extremely fast-paced.
This is, in part, due to the number of new disruptive players entering the market. According to the State of Fintech report, the number of fintech start-ups in the MEA region increased from 46 to 103 between 2013 and 2015 – this figure is expected to reach 250 by 2020.
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