Egypt

More than 70% of Egypt’s young and fast-growing population of over 100 million is financially underserved, despite mobile penetration exceeding 90%. Traditional banks often overlook this segment because of their spending power or financial status, and fintechs have seized the opportunity to cater to their needs. One such fintech is MNT-Halan, and today, the company, which …

New legislation and regulatory changes in Egypt are set to unleash a surge in new Fintech investments and change the way the country largely unbanked citizens do business In September, the government passed a new law governing the central bank with provisions allowing it to give out banking licences to fintech firms, which would benefit …