“Fintech apps that offer convenient services such as buy now, pay later (BNPL) will be used by half of the consumers in the Middle East and Africa in 2022, according to RedSeer. The number of fintech firms in the region is expected to surpass 465 this year, with ten platforms offering BNPL services. The convenience of split payments and online transactions has impacted consumer behavior.”

Saudi Arabia’s Alhokair family buys stake in Egyptian BNPL platform valU  [Fast Company]