Fintech adoption rate UAE 2020, by feature and income
According to a survey on the financial technology sector in the Middle East and North Africa (MENA) region in 2020, connected auto insurance had the highest penetration rate of 27 percent of respondents who were fintech users in the United Arab Emirates (UAE) in the middle income group. Although financial technologies are crucial players of the region's emerging ecosystem, they have to be deployed by banks as their strategic partners.