Gulf News
Mobile banking usage has increased by over 65% in the UAE during the pandemic, according to a recent BCG report. BCG’s Harold Haddad tells Gulf News “COVID-19 and subsequent events have increased consumers’ already ravenous appetite for digital financial services.” The report also highlights the role of regulators along with five other main actors in the UAE’s national fintech ecosystem. BCG’s Haytham Yassine says that “regulators in the UAE should build on the country’s fintech momentum and further drive their regulatory agenda to foster financial innovations amid the increased adoption of digital banking channels.”