{"id":600894,"date":"2019-02-13T04:17:43","date_gmt":"2019-02-13T04:17:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/"},"modified":"2019-02-13T04:17:43","modified_gmt":"2019-02-13T04:17:43","slug":"egypt-has-the-makings-of-a-booming-fintech-industry-says-imf","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/","title":{"rendered":"Egypt has the makings of a booming fintech industry, says IMF"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <b>Egypt has the makings of a booming fintech industry, says IMF: <\/b>Egypt has tremendous potential to expand in fintech due to its large economy, mature banking industry, young population, and wealth of human capital, IMF Middle East and Central Asia Director <a href=\"https:\/\/alborsaanews.com\/2019\/02\/12\/1177305\">Jihad Azour said during a seminar<\/a> at the American University in Cairo yesterday. He also suggested the industry has a long way to go in banking small businesses, noting that only 50% of SMEs are participants in the formal banking sector, despite startups and SMEs accounting for 75% of Egypt\u2019s labor force (higher than the MENA average of 50%). Supporting the companies will be key to promoting financial inclusion in the region, and this can be done through fintech and non-banking financial services, he said. Azour\u2019s statements come amid <a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/12\/lagarde-emphasizes-importance-of-financial-inclusion-for-smes\/\">efforts by his organization<\/a> to convince SMEs to join the formal economy in Arab states.<\/p>\n<p><b>Increasing financial inclusion could add 1% to MENA GDP- IMF: <\/b>Improving SME access to finance could boost annual economic growth in the MENA region by 1 percentage point, <a href=\"https:\/\/ent.news\/2019\/2\/68.pdf\">according to findings from an IMF research paper (pdf)<\/a> on financial inclusion. The paper estimates that improved access to SME finance would increase employment in the sector by 1.3 percentage points, creating an estimated 14.3 mn new jobs by 2025. <b>The biggest growth avenue for SMEs in MENA going forward is in the fintech industry,<\/b> which the IMF says is just entering its growth phase. The report notes that Egypt, Saudi, the UAE, and Jordan are home to 75% of the MENA region\u2019s startups and SMEs.<\/p>\n<p><b>\u201cNo magic bullet\u201d to improving inclusion: <\/b>The MENA region \u2014 which has the lowest rates of financial inclusion in the world \u2014 requires a holistic approach if more of its SME sector is to access finance, the report says. Governments need to align their macroeconomic, financial policies and regulatory policies in a comprehensive strategy if they are going to integrate more SMEs into the formal economy. \u201cTo achieve meaningful, safe and sustainable SME access to finance, there is no magic bullet,\u201d IMF Managing Director Christine Lagarde <a href=\"https:\/\/www.zawya.com\/mena\/en\/business\/story\/UAE_boosting_financial_inclusion_for_SMEs_says_IMFs_Lagarde-SNG_137299346\/\">said at the World Government Summit<\/a> in Dubai on Sunday. \u201cPartial approaches are unlikely to suffice.\u201d<\/p>\n<p><b>What is Egypt doing to widen its formal economy? <\/b>The long-awaited SME Act \u2014designed to give SMEs incentives to join the formal economy \u2014 is expected to soon be passed to the House of Representatives. <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/05\/egypt-smes-to-pay-1-vat-under-proposed-smes-act-finmin-has-new-definition-of-small-business\/\">From what we know so far,<\/a> the proposal could see businesses with revenues of less than EGP 500k a see their VAT rates cut to just 1%. <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/27\/egypt-smes-to-get-sharper-teeth-to-bid-for-tenders-under-new-legislation\/\">Separate legislation passed last year<\/a> will also give SMEs priority access and a 20% quota of government tenders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt has the makings of a booming fintech industry, says IMF: Egypt has tremendous potential to expand in fintech due to its large economy, mature banking industry, young population, and wealth of human capital, IMF Middle East and Central Asia Director Jihad Azour said during a seminar at the American University in Cairo yesterday. He [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":600895,"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":[8572],"tags":[72,290,183,272,287,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-financial-inclusion","tag-fintech","tag-imf","tag-smes","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f9ab9b25-3b9a-441b-92f7-bd54314539d0","is_powered_by":true,"section_story_id":"20071d43-f184-42ad-9b78-98b135da37d4","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/2\/609.jpg","photo_position":"above","related_issue":[600886],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt has the makings of a booming fintech industry, says IMF - 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\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt has the makings of a booming fintech industry, says IMF\" \/>\n<meta property=\"og:description\" content=\"Egypt has the makings of a booming fintech industry, says IMF: Egypt has tremendous potential to expand in fintech due to its large economy, mature banking industry, young population, and wealth of human capital, IMF Middle East and Central Asia Director Jihad Azour said during a seminar at the American University in Cairo yesterday. He [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-13T04:17:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/609.jpg?fit=%2C&ssl=1\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt has the makings of a booming fintech industry, says IMF\",\"datePublished\":\"2019-02-13T04:17:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/\"},\"wordCount\":441,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/609.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"financial inclusion\",\"Fintech\",\"IMF\",\"SMEs\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/\",\"name\":\"Egypt has the makings of a booming fintech industry, says IMF - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/609.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2019-02-13T04:17:43+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/609.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/609.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egypt has the makings of a booming fintech industry, says IMF\"}]},{\"@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":"Egypt has the makings of a booming fintech industry, says IMF - 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\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/","og_locale":"en_US","og_type":"article","og_title":"Egypt has the makings of a booming fintech industry, says IMF","og_description":"Egypt has the makings of a booming fintech industry, says IMF: Egypt has tremendous potential to expand in fintech due to its large economy, mature banking industry, young population, and wealth of human capital, IMF Middle East and Central Asia Director Jihad Azour said during a seminar at the American University in Cairo yesterday. He [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-02-13T04:17:43+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2019\/2\/609.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Egypt has the makings of a booming fintech industry, says IMF","datePublished":"2019-02-13T04:17:43+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/"},"wordCount":441,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2019\/2\/609.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM","financial inclusion","Fintech","IMF","SMEs","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/","name":"Egypt has the makings of a booming fintech industry, says IMF - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2019\/2\/609.jpg?fit=%2C&ssl=1","datePublished":"2019-02-13T04:17:43+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2019\/2\/609.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2019\/2\/609.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Egypt has the makings of a booming fintech industry, says IMF"}]},{"@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":"https:\/\/i0.wp.com\/ent.news\/2019\/2\/609.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2019\/2\/609.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2019\/2\/609.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":591445,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/banque-misr-signs-agreement-with-e-finance-to-provide-financial-services-to-the-agricultural-sector\/","url_meta":{"origin":600894,"position":0},"title":"Banque Misr signs agreement with E-Finance to provide financial services to the agricultural sector","author":"enterpriseam admin","date":"5 December 2019","format":false,"excerpt":"Banque Misr has signed an agreement with Egyptian fintech firm E-Finance to provide financial services to the agricultural sector and SMEs through its platform, according to the local press. The move comes as part of the bank\u2019s strategy to increase financial inclusion and its range of digital financial services.","rel":"","context":"In &quot;Banking + Finance&quot;","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":595153,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/cbe-announces-four-key-pillars-to-its-financial-inclusion-strategy-going-forward\/","url_meta":{"origin":600894,"position":1},"title":"CBE announces four key pillars to its financial inclusion strategy going forward","author":"enterpriseam admin","date":"17 September 2019","format":false,"excerpt":"Central bank Sub-Governor Lobna Helal laid out the pillars of the CBE\u2019s financial inclusion strategy in a speech (pdf) at the meeting of the Council of Arab Central Banks and Monetary Agencies Governors earlier this week. The first pillar was strengthening the CBE\u2019s regulatory and supervisory role in the banking\u2026","rel":"","context":"In &quot;Egypt Politics + Economics&quot;","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":588001,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/05\/spotlight-amr-el-bahey-ceo-and-egypt-country-head-at-mashreq-bank\/","url_meta":{"origin":600894,"position":2},"title":"SPOTLIGHT- Amr El Bahey, CEO and Egypt country head at Mashreq Bank","author":"enterpriseam admin","date":"5 June 2023","format":false,"excerpt":"El Bahey details the bank\u2019s strategy and gives us his thoughts on SMEs, fintech, and the outlook for the Egyptian economy","rel":"","context":"In &quot;Spotlight&quot;","block_context":{"text":"Spotlight","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/spotlight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/123.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598265,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/20\/fintech-in-egypt-has-the-potential-to-boom\/","url_meta":{"origin":600894,"position":3},"title":"Fintech in Egypt has the potential to boom","author":"enterpriseam admin","date":"20 May 2019","format":false,"excerpt":"A deep dive into the state of fintech in Egypt: Egypt\u2019s burgeoning fintech scene could spur growth by helping bring more people and businesses into the formal economy, writes Yasmeen Nabil in Wamda. Earlier this year, the government set up aEGP 1 bn (USD 57 mn) fund via the Central\u2026","rel":"","context":"In &quot;Worth reading&quot;","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/328.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557641,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/27\/central-bank-to-issue-mobile-contactless-payment-licenses\/","url_meta":{"origin":600894,"position":4},"title":"Central bank to issue mobile contactless payment licenses","author":"enterpriseam admin","date":"27 September 2021","format":false,"excerpt":"Merchants will soon be able to accept contactless payments through their mobile devices as the Central Bank of Egypt said yesterday in a statement (pdf) that it will begin issuing licenses allowing mobile contactless payments. The CBE clearly has in mind technologies that allow consumers to use their cards to\u2026","rel":"","context":"In &quot;Fintech&quot;","block_context":{"text":"Fintech","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/fintech\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/361.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573306,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/fra-completes-first-draft-of-law-to-regulate-fintech-industry\/","url_meta":{"origin":600894,"position":5},"title":"FRA completes first draft of law to regulate fintech industry","author":"enterpriseam admin","date":"28 July 2020","format":false,"excerpt":"LEGISLATION WATCH- The Financial Regulatory Authority (FRA) has finished the first draft of a law that will govern the fintech space, and expects to draw up a final version within one month, Abdelhamid Ibrahim, FRA board member and head of the committee drafting the law, tells Al Mal. The bill\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/7\/228.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600894","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=600894"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600894\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/600886"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/600895"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=600894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=600894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=600894"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=600894"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=600894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}