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.

Egypt launches innovation fund worth LE 1B

Wed, 07 Feb 2018 - 10:11 GMT

Governor of the Central Bank of Egypt (CBE) Tarek Amer said that the launching of LE 1 billion fund will support innovation.

Wrap up of 1st day of Egypt’s FinTech conference

Tue, 06 Feb 2018 - 02:50 GMT

As the first day of "Seamless North Africa" conference comes to and, Egypt Today sums up the most important statements made by officials.

Introducing Financial Technology (FinTech)

Tue, 06 Feb 2018 - 11:55 GMT

Due the importance of FinTech in the 21st century, Egypt Today explains what Financial Technology is and how it can be used.

Egypt considers establishing digital banks: CBE governor

Tue, 06 Feb 2018 - 09:24 GMT

FinTech conference aims to support entrepreneurs and to expand modern and financial technologies, Amer said.

Egypt hosts ‘FinTech conference’ for 1st time

Tue, 06 Feb 2018 - 09:00 GMT

Egypt hosts the financial technology “Seamless North Africa FinTech” conference between February 6 and 7, 2018.