The Central Bank of Egypt (CBE) has revealed the completion of the replacement of 10.8 million payroll cards for public workers and pensioners with the national payment card “Meeza” in 2022. According to the Central Bank, this comes in implementation of the decisions issued by the National Payments Council regarding reliance on a national payment system. The Central Bank also revealed its intention to prepare the final draft of the rules governing the provision of cloud computing services. The Central Bank also indicated that it is currently preparing the draft regulatory rules governing electronic authentication and electronic approval of terms and conditions. The Central Bank highlighted the most prominent features of the law, which aims to regulate crowdfunding activities based on lending, peer-to-peer lending, digital association activities, and digital savings activities.
