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