The numbers are quite simply staggering both in terms of the challenge and the size of the potential reward. Around the world, there are 2 billion ‘unbanked’ people – individuals without access to formal financial services.
There are also 200 million micro, small, and mid-size businesses in growth markets that lack access to savings and credit, while those that do have access often pay high fees for a limited range of products. Fintech can help in expanding access to finance and equalizing opportunities.
The Arab Fintech Forum (#ArabFTF) will address the challenges and opportunities of the global fintech ecosystem.
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