FinTech
Sarhan emphasized the company's extensive expertise in the field of financial technology and stated that it is studying the license’s requirements with its local and international partners
With the new licensing regulations, digital banks will be required to keep a minimum issued and paid-up capital of LE 2 billion ($65 million)
Regional funding reached its lowest recording during Q2 2023, contracting to $619 million compared to $1.26 million in Q1 2023
The digital payments platform for small businesses, axis, launched its services in partnership with Visa. This is after the platform obtained a license from the Central Bank of Egypt (CBE) for its open-loop mobile wallet.
This came during Vigliotti’s visit to Money fellows, as a part of the EIB's initiative to explore investment opportunities in Egypt, supporting sustainable financial inclusion in the country.
Exits MENA is now authorized to offer listing and public offering services to its clients on the Egyptian Stock Exchange (EGX) and the SME platform, Nile Stock Exchange (NILEX) under law no. 95 of 1992.
Additionally, the report exhibited the extensive progress in the FinTech industry, starting with only 2 startups in 2014 to a total of 112 Egyptian FinTech and FinTech-enabled startups by 2021, with a strong uptrend of 55 times, and positioning Egypt among the top 4 active African countries in the FinTech Industry.
The report sheds light on the local FinTech & FinTech-enabled startups and entrepreneurs; in addition to FinTech Ecosystem stakeholders such as incubators, accelerators, investors, and supporting organizations.
This partnership focuses on enhancing the entrepreneurship environment in Egypt, pushing towards the 17 United Nations Sustainable Development Goals (SDGs).
<i> Visa connects 3 billion accounts, 46 million merchants and 16,000 financial institutions, empowering clients, merchants, SMEs, and partners with safe and innovative payment technologies help shape the future pf payments </i>
Fintech in Egypt still relies heavily on payments.
Egypt Today conducted an interview with GEN’s founder and president, Jonathan Ortmans.
Individuals and corporate deposits in Egypt’s banks amount to LE 5 trillion, Governor of the Central Bank of Egypt Tarek Amer said on Sunday.
Egypt witnesses various economic events and conferences in February this year.
Governor of the Central Bank of Egypt (CBE) Tarek Amer said that the launching of LE 1 billion fund will support innovation.
As the first day of "Seamless North Africa" conference comes to and, Egypt Today sums up the most important statements made by officials.
Due the importance of FinTech in the 21st century, Egypt Today explains what Financial Technology is and how it can be used.
FinTech conference aims to support entrepreneurs and to expand modern and financial technologies, Amer said.
Egypt hosts the financial technology “Seamless North Africa FinTech” conference between February 6 and 7, 2018.
