Middle East FinTech Study

Key highlights of ‘Middle East FinTech Study’ by Deloitte:

• The average usage of P2P money transfer solutions among banking customers in the Middle East is 42%

• 22% of customers use FinTech solutions/features with money transfers the most popular one

• Qataris with a medium-range income constitute the core market of consumers

• Peer-to-peer solutions are highly adopted in Lebanon, Bahrain and Jordan, while usage is low in KSA, UAE and Oman; heavily utilized by the younger population (20-30 age group)

• The average usage of account aggregation solutions among banking customers in the Middle East is 33%

Source: Deloitte

Vedang R. Vatsa

IT & Management Consultant