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Banks lose remittance battle as fintechs gain ground, say execs

By CityCalc Newsroom · Thu Jul 02 2026 · Source: AGBI

Gulf banks have lost the battle for remittances and could cede small-business payments to fintechs and blockchain networks, industry executives have said. Speaking at a closed-door roundtable in the UAE, the business leaders also said, however, that mainstream lenders remained i…

Gulf banks have lost the battle for remittances and could cede small-business payments to fintechs and blockchain networks, industry executives have said. Speaking at a closed-door roundtable in the UAE, the business leaders also said, however, that mainstream lenders remained i…

Curated by CityCalc from AGBI. Read the full article at the source.

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