Egypt's financial regulator clears six fintech firms for lending and investing
Egypt's Financial Regulatory Authority approved six firms on Sunday, 18 October, to provide lending, investment and other services through financial technology. The move is part of a push to widen access to formal finance, led by chair Islam Azzam.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
Egypt's Financial Regulatory Authority approved six companies on Sunday, 18 October, to offer lending, investment and other financial services using fintech, or financial technology. The regulator, chaired by Islam Azzam, is working to bring more people into the formal financial system.
Why it matters
The approvals are part of the regulator's push to widen access to financial services.
Coverage
- FRA approves six companies to conduct non-banking financial activities using fintech (Daily News Egypt)
- Egypt Approves Six Fintech Firms to Expand Access to Financial Services (egyptianstreets.com)
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