Globally, 74% of consumers have a positive attitude towards biometric technology, and the market for contactless biometrics technology is projected to reach $18.6 billion by 2026
Female financial inclusion also saw a significant jump, climbing 171% by the end of 2021 compared to 2016
The CEMEA regional winner will then move on to the global finale in Qatar in November 2022 where up to $170,000 (approximately 2,700,000 EGP) in total prize money will be awarded
In a filling to the Egyptian Exchange (EGX), Fawry stated that the proceeds will be used to fund the expansions of its financial services for both consumers and merchants
Egypt’s seven entries raised a total of $248.6 million, with the top Egyptian company in 8th place
