GCC set for FinTech surge during global COVID-19 outbreak
Apr29

GCC set for FinTech surge during global COVID-19 outbreak

The GCC is set to experience a surge in the use of FinTech platforms as consumers turn away from physical offerings during the ongoing global COVID-19 outbreak. It comes after Bahrain’s national electronic wallet BenefitPay announced a 1257% increase in the number of remittances through its Fawri+ service during the month of March 2020 – worth some BHD103 million (USD273 million). David Parker, Co-Chief Investment Officer at Bahrain...

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