The Egyptian payment portal myFawry has been placed in the first position in the list with more than 1.6 million downloads in 2020, followed by the UAE-based Al Ansari Exchange Mobile App and Kuwait’s Al Mulla Exchange, according to a press release on Tuesday.
Forbes Middle East has announced the region’s 15 top Fintech apps 2021, with 9.5 million downloads and $6.9 billion worth of transactions in 2020.
The list includes apps from five countries, with six companies headquartered in the UAE, four in Egypt, three in Kuwait, and one each in Jordan and Saudi Arabia.
Upon listing the apps, the amount of money executed through the apps in 2020 has been considered, alongside the number of downloads and active users and the date of establishment. however, the applications owned by traditional banks and telecommunication firms were excluded.
Founded in 2020, Kuwait’s FinFirst Capital is the list’s youngest app placed at 14th position.
