• Sunday, 16 January 2022

    THIS MORNING: Banks given green light to lend via mobile wallets; Pandemic vs. Endemic; US-Russia tensions rise

    Good morning, wonderful people, and welcome to what’s shaping up to be a very busy news week. Let’s jump right in: The Central Bank of Egypt will allow banks to launch digital lending services via mobile wallets this year, the...
  • Monday, 10 January 2022

    MNT-Halan wants to tap new markets in 2022

    MNT-Halan is looking at cross-border expansion this year, with plans to tap markets where “there are large unbanked populations that need serving,” CEO and co-founder Mounir Nakhla told the Banker magazine. The fintech firm — which last year raised USD...
  • Sunday, 9 January 2022

    Meeza card rollout for gov’t workers set to wrap up end-Jan

    Meeza cards to replace all gov’t payroll cards by the end of January: Around 4.3 mn public sector workers will be receiving their salaries via Meeza debit cards by the end of the month, according to a FinMin statement. The...
  • Tuesday, 21 December 2021

    CIB joins global banks in financial inclusion pledge

    CIB signs on to UN financial inclusion initiative: Our friends at CIB are among the founding signatories of a UN-led commitment with 27 other global banks promising to take the lead on financial inclusion, the bank announced in a press...
  • Sunday, 5 December 2021

    Next-gen fintech players in emerging markets are giving the old guard a run for their money

    The global digital payments race is heating up: Up-and-coming fintech firms in emerging markets are beginning to outpace Western financial companies who for years have controlled payment markets around the world, the Financial Times reported. Payment technologies such as mobile...
  • Sunday, 5 December 2021

    Jumia taps into Egypt’s e-payment market

    Jumia taps into the e-payment Egyptian market: Jumia is looking to expand its e-payment footprint in Egypt with a partnership with the National Bank of Egypt (NBE) that will see it provide new third-party services to merchants outside of its...
  • Tuesday, 30 November 2021

    Fintech regs get preliminary House approval

    A draft law that would regulate the fintech space received a preliminary nod from the House of Representatives during its plenary session yesterday, according to Al Borsa. The new law would, if passed, regulate the use of fintech to deliver...
  • Monday, 29 November 2021

    CIB + NBE take further steps for financial inclusion

    CIB will allow clients to open bank accounts without proof of income under a new type of account dubbed Bedaya that aims to give youth, home-makers and freelancers access to financial services as part of its drive for financial inclusion,...
  • Sunday, 3 October 2021

    THIS MORNING: We should be inking contracts to link grids with Saudi this week + Nafeza is here

    Good morning, friends, and welcome to an abbreviated workweek. We have plenty of news for you this fine fall morning, so let’s jump straight in:The House was back in session yesterday after its summer recess. A raft of business relevant...

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