23.6 billion dirhams the size of the financial technology market in the Emirates by 2030

The UAE continues to consolidate its position as a pioneering regional and global center in the field of financial technology, “Al -Fintak”, driven by a flexible and flexible organizational vision and organizational policies for innovation.
A report by “Mordour Intelins” Research expected that the size of the financial technology market in the UAE will achieve an annual growth of 12.56% between 2025 and 2030, to increase from 3.56 billion dollars (13 billion dirhams) to 6.43 billion dollars (23.6 billion dirhams).
The sector has witnessed an accelerated growth in recent years thanks to the supportive government initiatives and the development of the legislative environment, in addition to increasing investments and activity of startups operating in this vital field.
Indicators issued by prominent international institutions show the growing global confidence in the UAE market, and its pivotal role in leading the digital transformation in the financial sector at the region level.
The UAE has taken proactive measures in the field of financial technology, as Abu Dhabi and Dubai have developed clear regulatory frameworks through bodies such as the Dubai Assets Regulatory Authority, Dubai Financial Services Authority at the Dubai International Financial Center, and the authority to organize financial services in Abu Dhabi Global ADGM. Government initiatives, such as “Ventec Hyef” at the Dubai International Financial Center and the Financial Technology Regulatory Laboratory in the Abu Dhabi Global Market, are extremely important to expand this sector.
The Commissioner, partner and head of the practices of the financial institutions practices of the Middle East region at the Global Boston Consulting Company, Lucas Ray, pointed out the volume of strategic progress achieved by the UAE in the field of digital payments, which achieved a marked increase of 78% in the volume of transactions to reach 3.1 billion, which is an exceptional performance compared to the expected global rate of 5%.
He stressed that accelerated growth contributed to enhancing the entrepreneurial position of the UAE in the field of digital innovation, thanks to the government’s directives, the increasing expansion of the adoption of financial technology solutions, and the strategic shift from traditional monetary solutions to digital platforms.
For his part, the head of the Middle East Operations at the SC Venerses, the innovative arm of the Standard Charterd Bank, Mohamed Fayrouz, stressed that the UAE has become a leading center for financial technology in the region, thanks to its advanced organizational environment, advanced infrastructure, and institutional support that enhances its attractiveness to investments.
He said that the accelerating development of the Emirates in the field of financial technology made it able to compete with global centers, adding that the integrated system in the state, which includes legislation, government support and digital infrastructure, provided an ideal environment for expanding business and creating advanced financial solutions.
He stressed that the UAE, today, is not only part of the global financial technology scene, but also a pivotal player in it, and this is what enhances its attractiveness to international investments and makes it a platform for the launch of innovative financial solutions at the region and the world level.