In 2024, the fintech industry in the United Arab Emirates (UAE) witnessed remarkable growth, driven by an increase in cashless transactions, a surge in digital banking adoption, and a series of government initiatives.

These included the introduction of open finance and stablecoin regulations, as well as a new regulatory sandbox, designed to lower market barriers, foster competition and accelerate innovation in the financial services industry.

Looking ahead to the year 2025, the UAE’s fintech sector is set to continue its impressive expansion, with key areas such as payments, corporate financial services, and wealth and investment technology, particularly well-positioned to benefit from these trends.

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