Dubai, UAE – June 2025, As part of ongoing efforts to deepen strategic global connections, the MENA FinTech Association—one of the world’s most recognized fintech bodies—welcomed His Excellency Ramūnas Davidonis, Ambassador of Lithuania to the UAE, and Commercial Attaché Alvina for a forward-looking discussion on fintech, AI infrastructure, and cross-border innovation.
Lithuania: Europe’s Advantageous FinTech Hub
Lithuania has emerged as a leading fintech destination in the European Union, with over 280 active licensed fintech companies serving more than 30 million EU customers. The country is recognized for its progressive regulatory environment, rapid licensing processes, and its commitment to financial transparency. Lithuania ranks among the top jurisdictions globally for minimizing financial crime risks, and offers regulatory sandboxes that enable companies to secure e-money and payment licenses in under three months.
MENA FinTech Association: A Global Ecosystem Builder
Ranked among the top 4 global fintech associations, the MENA FinTech Association (MFTA) plays a vital role in connecting regulators, innovators, and financial institutions across the Middle East, North Africa, and globally. It fosters regulatory maturity, digital infrastructure growth, and fintech capital flows while supporting the advancement of industry standards and talent development.
As a strategic convener, MFTA facilitates trade missions, collaborative frameworks, and regulatory engagement between regions, enabling structured cross-border dialogues and impactful partnerships.
A Strategic Collaboration
This bilateral engagement marked a mutual commitment to:
- Fintech and digital asset regulatory cooperation
- AI-powered financial services infrastructure
- Cross-border market access and expansion
- Knowledge transfer and talent mobility
MFTA will proudly support Lithuania’s vision of further establishing its AI and digital finance hub, with a special focus on financial services. Joint roadmaps will include regulatory alignment, shared infrastructure, pilot programs, and thought leadership forums.
This collaboration affirms the MENA FinTech Association’s growing global role in shaping the future of digital finance and reinforces the value of strong, strategic partnerships that accelerate innovation across borders.
