The small and medium-sized enterprises (SMEs) are the unsung heroes of the bustling economic landscape of the Middle East. In the UAE alone, they make up a staggering 60 percent of the country’s GDP. Yet, despite their crucial role, these businesses often hit roadblocks when it comes to expanding globally, largely due to the constraints of traditional banking services which are both costly and inefficient.
Stepping into this gap are the innovative non-traditional financial solutions, offering a breath of fresh air with their cutting-edge approach to global transactions. Rami Chedid, the CEO of MultiPass for the UAE and Middle East, shares his insights on the gradual transformation of the banking scene in the region as well as opportunities and considerations when embracing non-traditional financial solutions for business growth.
Curious for more? Check out the full article on LinkedIn.