![]() ![]() There are also many opportunities for banks to partner with tech companies to produce more innovative offerings. With financial service regulators more open to the idea of breaking down barriers to entry for new fintech companies, open banking remains a big priority. ![]() GF: What are the biggest opportunities coming ahead?ĪlHaroun: Easing the payment experience across MENA continues to be one of the biggest opportunities for the region. ![]() Around 60% of the region’s population are under the age of 25 which is higher than more developed eCommerce markets such as the US and China. This acceleration was further driven by the MENA region’s large youth population and high smartphone penetration. There is a greater push from the governments of countries such as Saudi Arabia, Egypt, UAE, Kuwait, and Bahrain for the adoption of digital payments, with initiatives such as Vision 2030 in Saudi Arabia aiming for 70% of all transactions to be non-cash.Ĭovid-19 was also a big driver of fintech growth, forcing the region to move away from cash-on-delivery and get comfortable with online payments, contactless payments, and e-commerce. As such, the financial and regulatory support provided by government entities has been crucial in the accelerated growth of the fintech industry over the past few years. GCC countries are also looking to reduce their reliance on oil and shift toward a digital economy and cashless society. A majority of this is from the GCC since 46% of the total number of fintechs in 2018 was from UAE alone. It is growing at an accelerated pace with the number of fintech startups in MENA in 2020 increasing eight times more than the number of fintech startups in 2013. What’s more, they’re very practical for washing kitchen equipment, such as an oven tray for example, due to them covering a larger surface area than usual.Global Finance: How is the MENA fintech scene evolving?įaisal AlHaroun: In recent years this region quickly became one of the most innovative fintech markets in the world. The main advantage of a pull-out tap is that they allow you to reach any corner of the sink. What are the advantages of a pull-out tap? They help regulate both the flow as well as the mixture of hot and cold water, allowing you to adjust the temperature of the water coming out of the tap. The only thing you need to worry about is choosing from our large range of kitchen taps and see which best suits your needs. Furthermore, every Teka kitchen tap perfectly matches our fridges due to them having the same aesthetics. Such taps afford extra mobility when doing sink-based chores. Wall-mounted kitchen tapsīuying a Teka wall-mounted tap is the ideal choice if you’re thinking about designing a bespoke kitchen. And folding taps which are ideal for installing in front of a window given that you can fold away or retrieve the spout whenever you please without having anything bumping into it. At Teka, we offer a large range of elegant and sophisticated pull-out taps featuring different colours and designs. Such taps ensure that water can easily reach any corner of the sink, making lighter work of cleaning. Pull-out kitchen tapsīuying a pull-out tap is the best option for larger sinks. When you purchase your Teka kitchen tap, you will benefit from cutting-edge technology due to them being manufactured with the best materials and filter technology so that you always enjoy cleaner water which is free from impurities. Teka’s kitchen taps have been designed to be the perfect accessory for adding that ideal personal touch to your kitchen and bring style, harmony and consistency to your worktop. Kitchen taps available on the Teka website ![]()
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