How New Tech Is Transforming Finance In Emerging Markets ...Middle East

Even as the global economy grapples with inflation, supply chain constraints and high commodity prices, new payment solutions are helping billions in emerging markets access and deploy much-needed capital. Driven by a decline in cash payments during the Covid-19 pandemic, digital payments skyrocketed in line with the growth in e-commerce, as the financial technology (fintech) sector expanded to provide consumers with a wider variety of payment options. The growth of digital payments has been strongest in emerging markets, where noncash retail payments…

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