MENA Fintech Association Sets Sights on EU Expansion, in Partnership With Hungarian Fintechs

The MENA Fintech Association, a non-profit organization dedicated to supporting fintech startups and established players across the Middle East and Africa, is expanding its reach to Hungary through a memorandum of understanding (MOU) with the Hungarian Fintech Association.

This collaboration aims to strengthen ties and promote innovation within the fintech ecosystems of both MENA and Hungary, marking a significant step forward in fostering cross-border collaboration and knowledge exchange. With a shared vision to create an environment conducive to fintech growth and development, both associations are committed to leveraging their networks, resources, and expertise.

Zoltán Ács, president of the Hungarian Fintech Association, highlighted the objectives of the collaboration, emphasizing plans for joint initiatives such as events, knowledge-sharing sessions, and collaborative projects. Moreover, the partnership aims to support fintech startups and scale-ups by providing them access to new markets, investment opportunities, and regulatory insights.

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Established in 2020, the Hungarian Fintech Association has grown to over 50 members, serving as a platform for decision-makers, regulators, and financial institutions to understand the local fintech sector and its requirements. It also offers support and services to international members entering the Hungarian market, along with educational and networking opportunities.

The MOU, signed during the Dubai Fintech Summit, signifies a landmark agreement between the two associations. Nameer Khan, chairman of the MENA Fintech Association, expressed excitement about the partnership, aiming to unlock new opportunities for fintech firms in both regions and drive impactful collaboration.

Through mutual cooperation, Hungarian fintech companies can conduct business more easily in MENA countries, fostering growth in the international fintech ecosystem. Founded in 2018, the MENA Fintech Association has been recognized as one of the top four fintech organizations globally, playing a leading role in driving innovation and collaboration in the industry.

Source: thefintechtimes.com