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Fintech in Egypt has the potential to boom
A deep dive into the state of fintech in Egypt: Egypt’s burgeoning fintech scene could spur growth by helping bring…
Online platform XPay raises USD 250k in funding
STARTUP WATCH- Fintech startup XPay has raised USD 250k from two unnamed angel investors shortly after raising a still-not-disclosed sum…
Formalizing micro businesses the key to building a strong SME sector
Formalizing micro businesses is the key to building a strong SME sector: Arab governments should make micro businesses the priority…
Egypt’s FRA mulls licensing companies and intermediaries to act as SME lenders
The Financial Regulatory Authority (FRA) is studying issuing licenses to allow companies and financial intermediaries to extend loans to SMEs,…
CIB Chairman Hisham Ezz Al Arab on economic reform, financial inclusion
Egypt’s economic reform program is finally beginning to bear fruit as confidence and investment levels increase, our friend CIB Chairman…
Balances in e-wallets to become interest bearing?
The Central Bank of Egypt (CBE) is mulling whether interest should be paid on funds left in e-wallets to give…
Egypt’s banks to roll out Meeza debit cards in April to bank account holders
Local banks will begin rolling out state-backed “Meeza” debit cards in April to bank account holders, according to Al Mal.…
Central Bank of Egypt to launch soon EGP 1 bn fund for fintech
The CBE is embracing fintech: The Central Bank of Egypt is planning to set up an EGP 1 bn fund…
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