According to Abdulla Al-Moayed, CEO and founder of the Dubai-based fintech firm Tarabut Gateway, open banking has developed into a key alternative for developing digital transformation in regional countries as they move towards digital payments and cashless societies. Al-Moayed emphasized that contemporary trends, particularly the fact that 80% of people in the Middle East and North Africa (MENA) region now own smartphones, has created greater demand for an open banking solution.
‘Tarabut Gateway’ CEO: Open Banking Has Tripled in The Middle East
