Fintech in the MENA Region: Current State and Prospects

Abstract

Applying descriptive, inductive and analytical methodologies this chapter explores the current state and prospects of Fintech in the Middle East and North Africa (MENA) region-a predominant Muslim area whose financial systems are not deepening yet. The chapter is divided into three sections. Section 1 examines the premises, promises and risks of Fintech. Current state and prospects of Fintech in MENA region is the focus of Section 2. Finally, Section 3 provides a summary and concludes with a few remarks and recommendations.