FinTech Egypt announces “Women for Women in FinTech” to accelerate female entrepreneurs’ growth

Sun, 07 Apr 2024 - 02:13 GMT

The “Women for Women in FinTech” initiative falls under the “Accelerate'ha" initiative, launched back in 2021 by the CBE to accelerate the development of innovative FinTech solutions for women-led businesses

CBE seeking to launch government-issued E-Pound to boost LE’s competitiveness

Tue, 09 Jan 2024 - 11:57 GMT

The Central Bank of Egypt (CBE) aims to strengthen monetary policy efficiency and the Egyptian pound’s competitiveness

FRA introduces capital requirements for FinTech startups in non-banking finance

Mon, 08 Jan 2024 - 03:29 GMT

The primary objective of this resolution is to ensure the financial stability of these companies and their ability to deliver efficient services

Fawry completes investigation: no breach in live production environment

Sun, 26 Nov 2023 - 04:34 GMT

This investigation was launched in response to claims made earlier this month regarding a cyberattack on Fawry's systems by the notorious ransomware attacker known as LockBit

FinTech and sustainability are key enables of change, Madbouly

Tue, 21 Nov 2023 - 05:02 GMT

Prime Minister Mostafa Madbouly expressed his belief that financial technologies and sustainability are key drivers of change as “we live in a rapidly evolving digital age,” during a speech on Tuesday

New FRA circular reinforces importance of customer data protection

Thu, 19 Oct 2023 - 10:55 GMT

Within the authority’s framework and efforts to enhance regulatory capabilities, and safeguard customer rights, FRA Chairman Mohamed Farid issued Circular No. 4 of 2023

e-Finance considers acquiring digital banking license days after new regulations were set

Tue, 18 Jul 2023 - 04:57 GMT

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

CBE announces new digital bank capital requirements and regulations

Thu, 13 Jul 2023 - 12:06 GMT

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)

MEAPT region startup financing drops by 64% in H1 2023

Wed, 12 Jul 2023 - 03:05 GMT

Regional funding reached its lowest recording during Q2 2023, contracting to $619 million compared to $1.26 million in Q1 2023

Axis obtaining CBE’s license for its open-loop mobile wallet

Wed, 17 May 2023 - 04:46 GMT

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.

EIB reinforces investment in Egyptian Fintech Sector

Tue, 16 May 2023 - 04:04 GMT

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 obtains FRA’s securities promotion and underwriting license

Wed, 03 May 2023 - 10:35 GMT

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.

Infographic: FinTech Investments in Egypt surge 300% during 2021

Tue, 05 Apr 2022 - 01:09 GMT

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.

Egypt releases 1st comprehensive report on FinTech in Egyptian market

Sun, 20 Feb 2022 - 01:41 GMT

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.

IFC, Egyptian Fintech Association partner to support entrepreneurship

Thu, 25 Mar 2021 - 10:22 GMT

This partnership focuses on enhancing the entrepreneurship environment in Egypt, pushing towards the 17 United Nations Sustainable Development Goals (SDGs).

Visa supports Fintechs, fosters new ideas during Seamless NA 2019: Visa GM Ahmed Gaber

Tue, 02 Jul 2019 - 11:25 GMT

<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: lots of work ahead

Mon, 20 May 2019 - 02:19 GMT

Fintech in Egypt still relies heavily on payments.

GEN president talks about Egypt’s entrepreneurial ecosystem

Tue, 12 Feb 2019 - 11:39 GMT

Egypt Today conducted an interview with GEN’s founder and president, Jonathan Ortmans.

Individuals, corporate assets in banks reach LE 5T: Amer

Sun, 29 Apr 2018 - 12:35 GMT

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.

Economic events and conferences in Egypt during February

Wed, 07 Feb 2018 - 10:25 GMT

Egypt witnesses various economic events and conferences in February this year.