{"id":560081,"date":"2021-02-15T04:01:20","date_gmt":"2021-02-15T04:01:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/"},"modified":"2021-02-15T04:01:20","modified_gmt":"2021-02-15T04:01:20","slug":"kiddie-menu-for-finance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/","title":{"rendered":"Kiddie menu for finance"},"content":{"rendered":"

<\/a> SMART POLICY- Non-bank lenders could soon scrap service charges on financial <\/strong>products sold to customers aged 16-21 in a bid to promote financial inclusion, <\/strong>Financial Regulatory Authority (FRA) boss Mohamed Omran said in a statement<\/a>. Financial products that specifically target young people \u2014 including some insurance policies, microfinance loans, leasing and consumer finance \u2014 could be offered to under-21s at no service charge so long as the providers have in place appropriate risk mitigation protocols, he added.<\/p>\n

Background: <\/strong>The decision comes after the Central Bank of Egypt instructed commercial banks<\/a> to allow those under the legal age to open bank accounts without their parents or guardians\u2019 consent and be allowed access to a limited number of banking services.<\/p>\n","protected":false},"excerpt":{"rendered":"

SMART POLICY- Non-bank lenders could soon scrap service charges on financial products sold to customers aged 16-21 in a bid to promote financial inclusion, Financial Regulatory Authority (FRA) boss Mohamed Omran said in a statement. Financial products that specifically target young people \u2014 including some insurance policies, microfinance loans, leasing and consumer finance \u2014 could […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9918],"tags":[72,290,76,595,871],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560081","post","type-post","status-publish","format-standard","hentry","category-financial-inclusion","tag-enterpriseam","tag-financial-inclusion","tag-financial-regulatory-authority","tag-non-banking-financial-services","tag-regulation-watch","wpautop","entry"],"acf":{"mongo_id":"e1c98e27-1d4a-4ca0-a187-d17fdd793750","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[560073],"teaser":"","voice_url":""},"yoast_head":"\nKiddie menu for finance - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kiddie menu for finance\" \/>\n<meta property=\"og:description\" content=\"SMART POLICY- Non-bank lenders could soon scrap service charges on financial products sold to customers aged 16-21 in a bid to promote financial inclusion, Financial Regulatory Authority (FRA) boss Mohamed Omran said in a statement. Financial products that specifically target young people \u2014 including some insurance policies, microfinance loans, leasing and consumer finance \u2014 could […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-15T04:01:20+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Kiddie menu for finance\",\"datePublished\":\"2021-02-15T04:01:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/\"},\"wordCount\":121,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"financial inclusion\",\"Financial Regulatory Authority\",\"non-banking financial services\",\"regulation watch\"],\"articleSection\":[\"FINANCIAL INCLUSION\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/\",\"name\":\"Kiddie menu for finance - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-02-15T04:01:20+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Kiddie menu for finance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Kiddie menu for finance - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/","og_locale":"en_US","og_type":"article","og_title":"Kiddie menu for finance","og_description":"SMART POLICY- Non-bank lenders could soon scrap service charges on financial products sold to customers aged 16-21 in a bid to promote financial inclusion, Financial Regulatory Authority (FRA) boss Mohamed Omran said in a statement. Financial products that specifically target young people \u2014 including some insurance policies, microfinance loans, leasing and consumer finance \u2014 could […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-02-15T04:01:20+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Kiddie menu for finance","datePublished":"2021-02-15T04:01:20+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/"},"wordCount":121,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","financial inclusion","Financial Regulatory Authority","non-banking financial services","regulation watch"],"articleSection":["FINANCIAL INCLUSION"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/","name":"Kiddie menu for finance - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-02-15T04:01:20+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/kiddie-menu-for-finance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Kiddie menu for finance"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":561472,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/more-financial-inclusion-for-pensioners-paytabs-valu-services-coming-to-lulu\/","url_meta":{"origin":560081,"position":0},"title":"More financial inclusion for pensioners + PayTabs, valU services coming to LuLu","author":"enterpriseam admin","date":"8 April 2021","format":false,"excerpt":"Pensioners will soon have access to \u201cnew electronic channels\u201d to receive and use their monthly payments under an MoU the Central Bank of Egypt (CBE) signed with the National Telecom Regulatory Authority (NTRA), according to a joint statement (pdf) yesterday. The CBE-led initiative will allow more pensioners to use local\u2026","rel":"","context":"In "Finance"","block_context":{"text":"Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560281,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/kids-you-can-trade-on-the-egx-but-dont-cause-a-ruckus\/","url_meta":{"origin":560081,"position":1},"title":"Kids: You can trade on the EGX, but don\u2019t cause a ruckus","author":"enterpriseam admin","date":"22 February 2021","format":false,"excerpt":"Individuals aged 16-21 can get in on EGX trading, but can only have a maximum of EGP 10k of stocks in their portfolio under new rules by the Financial Regulatory Authority (pdf). The regs also forbids under-21s from taking out margin calls or short-sell stocks. The new rules come as\u2026","rel":"","context":"In "REGULATION WATCH"","block_context":{"text":"REGULATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597965,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/egypts-fra-mulls-licensing-companies-and-intermediaries-to-act-as-sme-lenders\/","url_meta":{"origin":560081,"position":2},"title":"Egypt\u2019s FRA mulls licensing companies and intermediaries to act as SME lenders","author":"enterpriseam admin","date":"9 May 2019","format":false,"excerpt":"The Financial Regulatory Authority (FRA) is studying issuing licenses to allow companies and financial intermediaries to extend loans to SMEs, FRA boss Mohamed Omran told MENA, according to AMAY. The move comes as part of the authority\u2019s 2018-2022 strategy to promote financial inclusion through offering more diversified non-banking financial services.\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":577565,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/28\/some-60-of-egyptian-adults-have-access-to-the-financial-system\/","url_meta":{"origin":560081,"position":3},"title":"Some 60% of Egyptian adults have access to the financial system","author":"enterpriseam admin","date":"28 November 2022","format":false,"excerpt":"The CBE\u2019s financial inclusion drive, in numbers: Egypt\u2019s financial inclusion rate \u2014 the percentage of citizens above the age of 16 who hold a bank account, mobile wallet or pre-paid card \u2014 has grown 131% between 2016 and 2022, according to a Central Bank of Egypt report (pdf) published yesterday.\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/446.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576436,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/24\/central-bank-working-on-new-financial-inclusion-strategy-amer\/","url_meta":{"origin":560081,"position":4},"title":"Central bank working on new financial inclusion strategy -Amer","author":"enterpriseam admin","date":"24 November 2020","format":false,"excerpt":"A national strategy for financial inclusion is in the works at the Central Bank of Egypt (CBE), Governor Tarek Amer said during the Cairo ICT expo, according to Al Mal. The central bank and state statistics agency Capmas are working with an international financial inclusion expert on a study to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/252.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561079,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/24\/easy-kyc-for-micro-businesses-freelancers-gets-a-shot-in-the-arm\/","url_meta":{"origin":560081,"position":5},"title":"Easy KYC for micro businesses, freelancers gets a shot in the arm","author":"enterpriseam admin","date":"24 March 2021","format":false,"excerpt":"SMART POLICY- Unbanked micro-businesses, freelancers, and craftsmen will be able to open accounts at the National Bank of Egypt come April with zero admin charges and minimal paperwork, Hala Wagih Helmy, the bank\u2019s head of products and financial inclusion, told Masrawy. Freelancers or craftsmen will only need to provide their\u2026","rel":"","context":"In "FINANCIAL INCLUSION"","block_context":{"text":"FINANCIAL INCLUSION","link":"https:\/\/enterpriseam.com\/egypt\/category\/financial-inclusion\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=560081"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560081\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/560073"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=560081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=560081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=560081"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=560081"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=560081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}