CBE, London Banking Institute Ink Agreement for Talent Development in Egypt

According to a press release published yesterday, the Central Bank of Egypt and The London Institute of Banking & Finance (LIBF) have just signed a Memorandum of Understanding (MoU) to work together on talent development for employees in the Egyptian financial sector. The MoU aims to create education programs for the Egyptian banking industry, with […]

Fintech’s OPay to Apply for License to Establish Digital Bank in Egypt

Leading and rapidly growing provider of financial technology and electronic payments solutions, OPay, just announced its intention to apply for a license to establish a digital bank in Egypt with a capital of $60 million, according to the rules for licensing and registration of digital banks, and control and supervision recently issued by the Central […]

Applications open for the Visa Africa Fintech Accelerator Program

Visa, the leading global payments technology company, is now accepting applications for start-ups to participate in the first cohort of the Visa Africa Fintech Accelerator program. The program is focused on startups operating in Africa and will run over 12 weeks twice a year with up to 20 startups per cohort. Startups up to Series […]

Forbes Middle East Unveils Region’s Top Fintech Companies 2023

Forbes Middle East has revealed its ranking of the region’s Top 30 Fintech Companies, highlighting the most innovative Middle East-based companies using the latest technology to digitize banking, finance, and investment. Egypt and Saudi Arabia comprise over 46% of the list, with eight and six entries, respectively. Bahrain, Iraq, and Morocco all recorded one entry […]

CBE Releases Regulations on Payment Tokenization

The Central Bank of Egypt (CBE) released regulations pertaining to payment card tokenization on electronic device applications on 8 March, according to the “Egyptian Streets” website. Once approved and implemented, the regulations will effectively allow for contactless payments through applications like Apple Pay, Google Pay, and Samsung Pay among other fintech services. Currently, payment cards […]

Women-led Small Businesses in UAE to Shine on Xare Women’s Day

Global fintech platform, Xare, has announced a new initiative, “XareHerWins”, designed to promote and celebrate women-led businesses this Women’s Day. The program seeks to showcase small, women-run businesses on the Xare platform at no cost and provide marketing support to help them grow. According to the Ministry of Economy, half of all SMEs in the […]