The Financial Regulatory Authority (FRA) is streamlining the path for fintech startups in Egypt with the issuance of Decision No. This decision outlines clear regulations and procedures for establishing and licensing startups involved in non-banking financial activities, fostering growth in the sector and boosting the national economy. 5 of 2022, which regulates and promotes the use of financial technology in non-banking financial activities. It is also in accordance with the FRA’s Decision No. 58 of 2022, which specifies the conditions and procedures for the establishment, licensing, and approval of companies engaging in non-banking financial activities through financial technology.
