Egypt Introduces the Rules Governing Digital Banking Licensing

November 4, 2023
On 12 July 2023, the Central Bank of Egypt (“CBE”) issued a circular (the “Circular”) regulating the requirements for licensing and registering Digital Banks in Egypt. The rules determined under the Circular allow e...

Egypt – Consumer Finance Companies to Provide Payment Services Using Prepaid Cards

May 3, 2023
The Financial Regulatory Authority (“FRA”) issued Decree No. 61 for 2023 (“Decree”) to allow licensed consumer finance companies to provide payment services using prepaid cards on behalf of banks. The Decree authori...