The trends of the cashless economy, which is witnessing a great expansion and spread, have accelerated the demand for financial technology solutions to meet the aspirations of digital generations and establish new concepts for banking services away from traditional systems, as the UAE has become a regional and global leader in the use of smartphones and mobile internet.
According to experts in the financial technology and digital payments sector, digital payments in the UAE are expected to reach AED 143 billion in 2027 and the UAE ranks first in the region in the sector, supported by the country's directions and strategies to use financial technologies, and provide a strong infrastructure and legislation for companies operating in the sector and keep pace with the global digital transformation.
Source (Al Khaleej Emirati Newspaper, Edited)
