The National
Commenting in The National, BCG’s Mohammad Khan addresses the rapid growth of the payments industry in the United Arab Emirates (UAE). According to a recent BCG report, payments revenues in the UAE are expected to reach $18.7 billion by 2031, growing at a compound annual rate of 7.7% over the next 10 years. Khan explains how a variety of factors are driving this upward trajectory, including government incentives, venture capital investment, and a booming fintech sector.