16 FinTech firms licensed, leading digital transformation in non-banking sector: Egypt’s FRA

Sixteen companies have obtained financial technology (FinTech) licences from Egypt’s Financial Regulatory Authority (FRA) and are spearheading digital transformation efforts in the non-banking sector, its chairperson Mohamed Farid said on Monday. Four companies currently offer outsourcing services and are registered with the authority, with new entrants anticipated, Farid stated. Speaking…