Egypt
Egypt’s financial regulator approved six companies on Sunday, 18 October, to offer lending, investment and other financial services using financial technology, known as fintech, as it works to bring more people into the formal financial system. The Financial Regulatory Authority (FRA), which oversees financial businesses other than banks, said the approvals are meant to widen access to financial services, speed up digital transformation and encourage the use of technology in the sector. The authority announced that the decisions should…
