Egypt eyes surge in fintech investment after new laws ...Egypt

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Egypt eyes surge in fintech investment after new laws
source : EGYPT INDEPENDENT ( Egypt ) () 6
New legislation and regulatory changes in Egypt are set to unleash a surge in new fintech investments and change the way the country’s largely unbanked citizens do business, industry players say. Fintech innovation in Egypt, the Arab world’s most populous country, has trailed other emerging market powerhouses such as China, India, Kenya and Indonesia, a situation the industry hopes the new legal environment will change. One innovator is MNT NV, a microfinance lending and payments company with more than a million active customers and a 21.7% market share. It has just completed a share swap to take over fintech company Halan Inc, Mounir Nakhla, a cofounder of both firms, told Reuters. The deal

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