February 11 - 12, 2020Dubai Internet City
The Rise of the Fintech Economy in the Middle East
Reaffirming UAE’s growing reputation across the global finance industry, the business ecosystem of the region has seen a stark incline in the development of early stage and venture backed Fintech startups and businesses that have now grown to work together and collaborate with the Retail, E-Commerce and F&B industries.
Start-ups focused on payments, remittances, insurance, online lending, digital banking, crowdfunding, blockchain and cryptocurrency have seen the most amount of investment within the Fintech sector in the Gulf. About 85% of the Fintech firms in MENA operate in the payments, transfer and remittances sectors.
The UAE particularly has been a driving force in remittances because of its largely expatriate population, which makes up about 90% of the country’s total population.
A Fintech company that has been making great progress since earlier in the decade is Tap Payments.
Founded in 2014, Tap Payments focuses on providing an easy, quick, and secure online payment experience for businesses and consumers in the Middle East by offering goSell, an innovative, tech-driven online payment gateway with robust payment technology and global payment industry standards. goCollect, the invoicing mobile app, also enables businesses to send bills via email, SMS, WhatsApp, or other social media platforms and easily collect online payments.
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Tap has also formed partnerships with key members in the industry such as banks, payment networks, fintech ecosystem builders, and regulators, following a proactive approach in elevating financial technology within the MENA region.
Today, Tap operates in 9 countries and has simplified online payments for over 50,000 businesses of all sizes across various industries, such as retail, food, airlines, and more.
Step is proud to have Tap Payments as their Payments Partner at Step Anywhere 2021!
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MENA and Pakistan Payments Report by Checkout.com
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