The Middle East and North Africa (Mena) region is being slow to adopt fintech services, putting them behind other nations who are embracing the sector, experts have said at a recent conference. He adds, though, that in Mena countries, the total amount of funding raised in the same time period was $45 million. //Kotilaine states that the slow uptake in the Mena region was because many don’t see a fit for it at the present moment. MENA FinTech GrowthAt the end of March, it was reported that Bahrain hosted the first edition of the Middle East and North Africa FinTech conference. Even though fintech is reported as taking off slow in the Middle East, Dubai is becoming quite the innovator when it comes to blockchain adoption and appears to be leading the way for its implementation.

Source: The North Africa Journal April 21, 2017 12:11 UTC