Egypt FRA approves four companies to provide fintech non-banking services
Egypt’s Financial Regulatory Authority (FRA) approved four companies to provide non-banking financial services using financial technology. It licensed Ashal Holding for fintech microfinance services and granted MNZL a related fintech license, per a FRA statement.
The Financial Regulatory Authority approved four companies to provide non-banking financial services using financial technology, according to a statement. The regulator licensed Ashal Holding to offer fintech microfinance services and granted MNZL permission to provide the services described in the statement.