Egyptian FRA to take measures to facilitate technology in non-banking financial activity


The Financial Regulatory Authority (FRA) is studying international experiences on the development of legal frameworks that facilitate electronic services for companies and entities engaged in non-banking financial activities and encourage the use of non-cash means of payment. This comes in line with the state's plan to improve financial inclusion, keep up with international developments in providing financial services to citizens, and rely on modern methods of service provision and payment. This requires developing the legislative framework and controlling mechanisms of how to provide these services electronically.



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