Egypt has the “most promising, attractive, and lucrative” financial technology market in the MENA region, according to a Sunday report by the Information and Decision Support Center (IDSC).
The establishment of the fund aims to nurture young talents as they are a promising investment for the future and capable of achieving many gains for the Egyptian market, given what Egypt possesses of distinguished young cadres in various fields, foremost of which is financial technology.
Farid said in a statement, Monday, that stock market decision-makers are currently working to accelerate the pace of including digital transformation and financial technology applications in their work
This economic progress was not only sensed by the government but by international financial institutions as well, he added.
Egypt hosts "Seamless North Africa 2019 conference” To discuss the latest trends and innovations in Financial Technology.
Saudi Arabia’s central bank has signed a deal with U.S.-based Ripple to help banks in the kingdom settle payments using blockchain software.
Due the importance of FinTech in the 21st century, Egypt Today explains what Financial Technology is and how it can be used.
FinTech conference aims to support entrepreneurs and to expand modern and financial technologies, Amer said.
The company allocated an initial LE 250 million in investments to its new venture.