Egypt eases regulations for fintech startups to boost entrepreneurship and financial inclusion.

Egypt's Financial Regulatory Authority (FRA) is boosting entrepreneurship by easing regulations for non-banking financial firms. FRA Chairman Mohamed Farid highlighted steps like lowering the minimum capital requirement for fintech startups from EGP 75 million to EGP 15 million and creating tailored financial valuation standards. These changes aim to foster financial inclusion, digital transformation, and sector stability.

November 30, 2024
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