For the studious, dedicated financial guru, it behoves to stay abreast of all the potential endeavours one can pursue. Take any reputable trading platform, for example. They will often open the window to all sorts of markets including the US, UK, and EU shares. One area that is sometimes overlooked by many is the MEA markets.
Through them, you can add a significant profit margin to your trading ROI. To that end, this article is here to bullet-point the basics to give you a greater idea of how to get started.
What Is The MEA Market?
The MEA market is the Middle Eastern and African markets, and they are predicted to reach a compound annual growth rate of 7.6% by 2027, which is double what it is worth in 2023. That’s why it is a good ground, where you can get into a lift.
Purchasers in these regions are changing to contactless and otherwise electronic payments more and more, and moving away from the standard use of cash. Thus, the prevalence of how they make their purchases is shifting. Of course, this is down to technology growing in prevalence. The use of smartphones has exploded and become fundamental for survival, as has the internet.
COVID-19 was another part of this. These secure, rapid trading processes, modes of trading such as Bitcoin, QR codes, and biometrics became used more widely in these regions. Equally, telco-led virtual cash and the rapid growth of automation have led to this shift, which took place over two decades.
How To Navigate the MEA Markets
There are a number of reputable companies in multiple industries that are doing great work in 2023 and will continue in the long term. An African Commerce firm operating in the B2B sector (Marketforce) managed to get 40 million USD in a fundraising campaign to expand its workforce for the distribution of digital finance products in Africa. As a forerunning example, this is a solid place to begin. And there are others.
As for the Middle Eastern regions, there is a whole plethora of stock markets that have rising and falling figures. Using your expert skills as a trader of versatile industries, you can use this information to diversify your trading strategies.
But one of the best ways to manage, plan, and structure your trading endeavours is to find a great trading platform like Equiti. This way, you will be able to see your investments, clients, and transactions first hand. Transparency is key, as it increases accountability and allows you to assign trading tasks accordingly.
Conclusion
All in all, the MEA regions are fruitful, versatile markets with a lot of potential. Not just now either. The use of contactless payments and cashless systems (not to mention the rise of Bitcoin) is only going to grow exponentially from now until 2027/28. After that, all bets are off. It could become just as useful as the US, EU and UK marketplaces.
Young middle eastern woman shop assistant using touchpad working at clothing store
