Readiness of Middle East banks for payments modernization

Is your bank ready for the future of payments?

The Middle East banking sector is undergoing a rapid transformation, driven by regulatory shifts, evolving customer expectations, and advancements in real-time payments. But how prepared is your institution to navigate this change?

Our latest report, Readiness of Middle East banks for payments modernization, uncovers key insights from leading financial institutions in the region.

Key highlights from the report:

• ✅ 67% of banks are implementing a new payments solution within the next 6 months
• ✅ 94% of banks are shifting to Payments as a Service (PaaS) to drive innovation
• ✅ 61% of banks have strong open banking capabilities, but cross-border payments remain a challenge
• ✅ 50% are investing between $1M and $5M in payments modernization over the next year

Don’t fall behind in the race for payments innovation. Download your copy today to gain insights into the modernization trends and evolving competitive Middle East payments landscape.