{"id":622059,"date":"2018-11-26T04:10:53","date_gmt":"2018-11-26T04:10:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/"},"modified":"2018-11-26T04:10:53","modified_gmt":"2018-11-26T04:10:53","slug":"cbe-to-provide-mobile-lending-services-in-1h2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/","title":{"rendered":"CBE to provide mobile lending services in 1H2019"},"content":{"rendered":"

<\/a> Central bank to allow mobile lending in 1H2019 \u2013report:<\/strong> The CBE allow mobile lending as early as 1H2019 as part of the country\u2019s financial inclusion drive and bid to reduce the role of cash in the economy, sources from mobile network operators Vodafone, Orange and Etisalat told Al Mal<\/a>. Mobile lending take place through e-wallets and be subject to a \u201ccap of EGP 500,\u201d the newspaper reports, without specifying whether that cap is per transaction or per borrower at any one time. CBE Sub-Governor for Payment Systems and Business Technology Ayman Hussein said in September<\/a> that the bank was looking at introducing nano lending \u2014 providing mobile-based cash loans \u2014 as part of the third phase of its mobile banking strategy. He had said that iScore would be required to provide credit ratings for users for the system to work. The initiative looks set<\/a> to have iScore assign credit ratings based on mobile phone and electricity bills and other indicators of creditworthiness even if the individual isn\u2019t officially part of the banking system.<\/p>\n","protected":false},"excerpt":{"rendered":"

Central bank to allow mobile lending in 1H2019 \u2013report: The CBE allow mobile lending as early as 1H2019 as part of the country\u2019s financial inclusion drive and bid to reduce the role of cash in the economy, sources from mobile network operators Vodafone, Orange and Etisalat told Al Mal. Mobile lending take place through e-wallets […]<\/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":[8572],"tags":[204,271,72,7087,183,3565,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622059","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-banking","tag-central-bank-of-egypt","tag-enterpriseam","tag-finance","tag-fintech","tag-i-score","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"970d9c2a-b8d5-46a0-8376-da666618518f","order":"0","is_powered_by":true,"section_story_id":"13f58fc1-3712-426c-af99-588abb751abc","story_type":"1","photo_url":"","photo_position":"above","related_issue":[622049],"teaser":"","voice_url":""},"yoast_head":"\nCBE to provide mobile lending services in 1H2019 - 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\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE to provide mobile lending services in 1H2019\" \/>\n<meta property=\"og:description\" content=\"Central bank to allow mobile lending in 1H2019 \u2013report: The CBE allow mobile lending as early as 1H2019 as part of the country\u2019s financial inclusion drive and bid to reduce the role of cash in the economy, sources from mobile network operators Vodafone, Orange and Etisalat told Al Mal. Mobile lending take place through e-wallets […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-26T04:10:53+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\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CBE to provide mobile lending services in 1H2019\",\"datePublished\":\"2018-11-26T04:10:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/\"},\"wordCount\":180,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"Central Bank of Egypt\",\"EnterpriseAM\",\"Finance\",\"Fintech\",\"I-Score\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/\",\"name\":\"CBE to provide mobile lending services in 1H2019 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-11-26T04:10:53+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBE to provide mobile lending services in 1H2019\"}]},{\"@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":"CBE to provide mobile lending services in 1H2019 - 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\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/","og_locale":"en_US","og_type":"article","og_title":"CBE to provide mobile lending services in 1H2019","og_description":"Central bank to allow mobile lending in 1H2019 \u2013report: The CBE allow mobile lending as early as 1H2019 as part of the country\u2019s financial inclusion drive and bid to reduce the role of cash in the economy, sources from mobile network operators Vodafone, Orange and Etisalat told Al Mal. Mobile lending take place through e-wallets […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-11-26T04:10:53+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\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"CBE to provide mobile lending services in 1H2019","datePublished":"2018-11-26T04:10:53+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/"},"wordCount":180,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["banking","Central Bank of Egypt","EnterpriseAM","Finance","Fintech","I-Score","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/","name":"CBE to provide mobile lending services in 1H2019 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-11-26T04:10:53+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"CBE to provide mobile lending services in 1H2019"}]},{"@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":604935,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/central-bank-of-egypt-could-raise-ceiling-for-mobile-lending\/","url_meta":{"origin":622059,"position":0},"title":"Central Bank of Egypt could raise ceiling for mobile lending","author":"enterpriseam admin","date":"17 December 2018","format":false,"excerpt":"The CBE is studying raising the credit ceiling for mobile nano-lending to EGP 1000-1500, up from EGP 500 currently, banking sources familiar with the matter told Al Mal. The bank is now working to set the interest rate banks will charge for mobile lending services, which are set to be\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":592781,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/cbe-could-introduce-online-smart-wallets\/","url_meta":{"origin":622059,"position":1},"title":"CBE could introduce online smart wallets","author":"enterpriseam admin","date":"6 November 2019","format":false,"excerpt":"CBE ramps up digitization plans: The Central Bank of Egypt (CBE) is mulling introducing a new mechanism that would allow citizens to open smart wallets online, allowing them to make deposits and borrow via mobile phones as part of the CBE\u2019s digitization drive, CBE Sub-Governor Lobna Helal said, according 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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625179,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/30\/cbe-looks-to-introduce-nano-credit\/","url_meta":{"origin":622059,"position":2},"title":"CBE looks to introduce nano credit","author":"enterpriseam admin","date":"30 September 2018","format":false,"excerpt":"CBE looks to introduce nano credit: The central bank is looking at introducing nano lending \u2014 providing mobile-based cash loans \u2014 as part of the third phase of its mobile banking strategy, CBE Sub-Governor for Payment Systems and Business Technology Ayman Hussein said on Thursday,according to Al Mal. The new\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594041,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/lending-by-banks-nbfi-arms-to-count-toward-single-obligor-limits\/","url_meta":{"origin":622059,"position":3},"title":"Lending by banks\u2019 NBFI arms to count toward single obligor limits","author":"enterpriseam admin","date":"17 October 2019","format":false,"excerpt":"REGULATION WATCH- CBE issues new regs to reduce bank lending risks: Restrictions placed on bank lending to corporate borrowers will now take into account loans made by non-bank affiliates (so-called NBFIs, or non-bank financial institutions). The measures are part of new CBE regulations (pdf) designed to diversify credit portfolios of\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\/2018\/11\/1115.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591559,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/cbe-to-compensate-bank-lending-under-egp-150-bn-industrial-mortgage-programs\/","url_meta":{"origin":622059,"position":4},"title":"CBE to compensate bank lending under EGP 150 bn industrial, mortgage programs","author":"enterpriseam admin","date":"10 December 2019","format":false,"excerpt":"CBE breaks down how it will compensate bank lending under EGP 150 bn industrial, mortgage programs: The Central Bank of Egypt (CBE) will ensure banks have at least 200 bps of margin when they loan out to factories and homebuyers under the two subsidized lending initiatives it recently launched with\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\/3\/92.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592733,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/05\/financial-regulatory-authority-greenlights-micro-lenders-to-offer-nano-lending\/","url_meta":{"origin":622059,"position":5},"title":"Financial Regulatory Authority greenlights micro lenders to offer nano-lending","author":"enterpriseam admin","date":"5 November 2019","format":false,"excerpt":"Startup types and bankers alike, take note: The Financial Regulatory Authority (FRA) is now allowing microlenders to begin offering nano lending services \u2014 providing mobile-based cash loans \u2014 with a cap of EGP 3k per transaction and a maximum tenor of 90 days, according to a statement. FRA Chairman Mohamed\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\/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\/622059","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=622059"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622059\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/622049"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=622059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=622059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=622059"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=622059"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=622059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}