CBE signs two MoUs with govt bodies on financial technology

CAIRO - 17 June 2019: The Central Bank of Egypt (CBE) on Monday signed two memorandums of understanding (MoUs) with the Social Solidarity Ministry and the Financial Regulatory Authority (FRA) to support the application of financial technology in Egypt.

This came on the sidelines of the second edition of the FinTech Conference "Seamless North Africa 2019" inaugurated here today by Prime Minister Mostafa Madbouli and CBE Governor Tarek Amer.

The first MoU is meant to provide social protection, through the usage of the e-payment system, while the second agreement aims to create an attractive business environment for new companies working in the sector of financial technology.