We use cookies for analytics, advertising and to improve our site. You agree to our use of cookies by closing this message box or continuing to use our site. To find out more, including how to change your settings, see our Cookie Policy


FinTech e-Finance considers acquiring digital banking license

Sarhan stated that e-Finance is looking to obtain the license considering the group's extensive experience in financial technology, and added that it is studying the license’s requirements with its local and international partners

Fawry looking to jump into KSA market, considers CBE digital banking license

Sabry told the news outlet that the KSA is a promising market with high financial solvency and strong competition in the field of epayments

Digital banks required to maintain min. EGP 2B as part of new CBE regulations

The new licensing regulations stipulate that digital banks must maintain a minimum issued and paid-up capital of EGP 2 billion ($65 million), the CBE explained

Egyptian startup and VC companies are leaders in funding within MEAPT region | MAGNiTT

Africa accounted for 51% of total MEAPT funding, and 26% of the region’s deals, however, funding and deals fell by 54% and 50% year-on-year respectively, the report wrote

Egypt named one of MENA’s top tech hotspots, regional IT spending to reach $178.1B in 2023

MENA’s ecommerce market was valued at $37 billion, with the report predicting that it will exceed $57 billion by 2026