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Electronic Commerce Research

Erschienen in:

19.07.2022

Fintech Growth during COVID-19 in MENA Region: Current Challenges and Future prospects

verfasst von: Farah Naz, Sitara Karim, Asma Houcine, Muhammad Abubakr Naeem

Erschienen in: Electronic Commerce Research | Ausgabe 1/2024

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Abstract

In the wake of ongoing challenges faced by the disruption of COVID-19, the current study attempts to investigate fintech growth during COVID-19 in the Middle East and North African (MENA) region. The study applies descriptive analysis, content analysis, and keyword selection criteria to segregate current challenges and future prospects of fintech growth in the MENA region. Our study comprises 250 research articles, web reports, news articles, opinion papers, and commentaries. The study reported privacy issues, cybercrimes, financial disruption and instability, exploitation of social norms and values, rising inequalities, and non-compliance of regulatory authorities as major challenges posed by fintech startups in the MENA region. On the contrary, the future prospects of FinTech growth in the MENA region are employment opportunities, decentralization, cost-effectiveness, financial outreach, networking, and breaking traditional financial biases. The study recommended multiple implications for policymakers, regulation bodies, countries in the MENA region, and fintech developers.

Vorheriger Artikel Are FinTech, Robotics, and Blockchain index funds providing diversification opportunities with emerging markets?Lessons from pre and postoutbreak of COVID-19

Nächster Artikel Does electronic economics matter to financial technology firms?

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Titel: Fintech Growth during COVID-19 in MENA Region: Current Challenges and Future prospects
verfasst von: Farah Naz
Sitara Karim
Asma Houcine
Muhammad Abubakr Naeem
Publikationsdatum: 19.07.2022
Verlag: Springer US
Erschienen in: Electronic Commerce Research / Ausgabe 1/2024
Print ISSN: 1389-5753
Elektronische ISSN: 1572-9362
DOI: https://doi.org/10.1007/s10660-022-09583-3

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