US EditionHow Non-bank Financial Services Work In the Arab World - NewsWatchTV
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How Non-bank Financial Services Work In the Arab World - NewsWatchTV
By Mark Lovett Take a walk through a market in Cairo on a Friday afternoon, or a relatively quieter street in Rabat. There is no credit card to swipe, nor a banking application linked with a high-yield savings account. Regardless, people are settling payments, sending money home, or moving funds around—everything through services that, for most Westerners, are unknown. Throughout the Arab world, life is being sustained by non-bank financial inst…
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