Rami Aboulnaga, Deputy Governor of the Central Bank of Egypt (CBE), said that the CBE is committed to keeping up with the latest developments in financial technology as part of its goals to maintain monetary stability and enhance financial inclusion. He gave a speech on behalf of the CBE governor at the Cairo ICT exhibition in its 27th edition, where he said that the CBE has supported and encouraged financial technology in the banking and financial sector. It launched an ambitious strategy for financial technology and innovation to transform Egypt into a regional hub for the financial technology industry in Africa and the Middle East. The CBE has also included a chapter on the regulation of electronic payment systems and services and financial technology in the CBE and Banking Sector Law No. Financial technology applicationsThe CBE launched several initiatives to support emerging financial technology applications in all their stages, from idea to launch.

Source: Daily News Egypt November 21, 2023 09:23 UTC