The Covid-19 pandemic has boosted support and efforts by Middle East and North African market regulators to put in place frameworks that enable the development of the fintech sector in the region.
The difference is striking in terms of market development, with 85% of Mena regulators perceiving that fintech is favourable to their objective, compared to 61% globally. In promoting competition, 62% of regional regulators favoured it compared with 47% globally, CCAF University of Cambridge said in the report.
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