Saudi Arabia: Number of FinTech Solutions Activity Records Increased by 27% by the End of Q3

The Business Sector Bulletin issued by the Ministry of Commerce revealed a 27% growth in existing records by the end of Q3 2024 for FinTech Solutions activities, as the number of existing records during the third quarter of this year reached 3,593 records compared to 2,831 records in the corresponding quarter of 2023.

According to the bulletin data, Riyadh topped the list of the top 5 regions in the number of existing records with 2,224 records, followed by Makkah with 721 records, then the Eastern Province with 361 records, and Madinah with 101 records, and finally Asir with 52 records.

It is noteworthy that FinTech Solutions activities are among the most prominent economic activities in the promising sectors that constitute one of the opportunities launched by the Kingdom’s Vision 2030 for the local and foreign business sector, which provides the business sector with opportunities to develop businesses and expand partnerships.