Every StartupHub.today article filed under The Central Bank of Egypt.
The Central Bank of Egypt has just released new guidelines for how banks should work with finance companies in Egypt. This move comes as there's been a lot of talk and debate about how quickly non-banking financial services are growing and the credit assessment standards being used in the sector.
saib Bank recently took part in financial inclusion initiatives, organizing special seminars for women and a job fair that connected 700 young people and graduates with opportunities. These efforts aim to empower individuals financially and strengthen the job market.
The Central Bank of Egypt's 'Nile Pioneers' initiative is making huge strides in supporting entrepreneurship! It has delivered over 1.16 million services and helped incubate 500 startups, showing a strong commitment to growing the business ecosystem.
United Bank is proudly participating in the "Egypt Scholars Grant" initiative. This program aims to support outstanding, underprivileged students at Egyptian universities, helping them develop crucial academic and professional skills for a brighter future.
Great news for digital banking in Egypt! The Central Bank reports a significant expansion in financial services. By the end of 2025, we're expecting ATM machines to reach 26,200, Point of Sale (POS) devices to grow to 274,900, and debit cards in circulation to hit an impressive 29 million. This really shows Egypt's push towards a more inclusive and digital economy!
Hoia has just announced the launch of its new digital identity platform in Egypt! Backed by the Central Bank with a 55% stake and 275 million EGP capital, this platform is set to make banking and government services super easy and secure right from your mobile phone. It uses advanced biometric tech to boost safety and bring more people into the financial system.
