DUBAI, UAE, June 03, 2024 (GLOBE NEWSWIRE) — TPAY, a leading payments provider in the Middle East, Africa and Turkey (META), has published a comprehensive whitepaper detailing the benefits of open banking to businesses and consumers through data aggregation. The whitepaper examines changing market trends globally and in the Middle East, highlighting the challenges and opportunities ahead.
According to Fintech Galaxy, the open banking market in the MENA region is expected to be valued at $400 million in 2022 and reach $1.17 billion by 2027 at a CAGR of 25%. Some forecasts also predict it will grow to $11.74 billion by 2027 at a CAGR of 45%.
TPAY is committed to educating the merchant community on the transformative impact of Open Banking. Our goal is to help merchants strategically position themselves to take advantage of new opportunities. We believe that raising awareness of Open Banking will foster a dynamic and innovative financial ecosystem that will benefit both the industry and consumers.
Download our free white paper, “The Brave New World of Open Banking.”
About TPAY
We act as connectors, bringing the unconnected into the digital world.
We aim to make the digital world accessible to all by connecting the Middle East, Turkey and across Africa and becoming the most trusted facilitator of digital micropayments in the region.
What we offer:
-
Our full-service, end-to-end solutions connect digital service providers with millions of potential users.
-
Our simple, yet innovative technology enables retailers and carriers to access and accept payments from consumers in over 30 countries.
-
A trusted facilitator removes complexity by simplifying and handling legal and financial processes, including cross-border settlement and operational processes, allowing partners to focus on further growing META with additional revenue channels.
Global technology brands such as Google, Huawei, MBC, Tencent, Anghami, beIN and more trust TPAY.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3847b170-9b36-4343-9ab2-40c5f0c710af
CONTACT: For media enquiries: Safaa.elbanna@tpaymobile.com
