Traditionally, countries in the Middle East have been considered cash-forward economies, with the majority of residents using local fiat currencies to complete transactions and conduct trade. Although in some countries, cash is still considered to be the dominant form of payment, other advanced economic centers are changing their direction. This comes amid the ongoing tension in the region, which has escalated into Hezbollah’s pager and walkie-talkie blasts.
As the advancement of digital payments and financial technology accelerates, seeing widespread adoption among younger, more tech-savvy consumers, Middle Eastern countries with the proper…
