The Central Bank of Egypt reports an increase in financial inclusion as total ownership of transactional accounts reach 64.8 percent of the total 65.4 million eligible adult population at the end of 2022.

Saudi Venture Capital Company, in partnership with the Capital Market Authority and the Financial Sector Development Program has launched a new product designed to support the growth of the fintech industry in Saudi Arabia.

Egyptian fintech startup Copal has partnered Mastercard to launch a family payments mobile app that brings all family members onto a unified payment platform that is fully managed by parents.

In the first phase, Purpl will only operate their cash out solution, as a technology provider, via the partnerships signed with international digital remittance companies and licensed local cash out partners on the ground in Lebanon.

According to the World Bank, the loan aims to finance Tunisian institutions for lending to eligible small and medium-sized enterprises.

The partnership will see the two organizations join forces to empower women and support their role in societal and economic development, and to enhance their skills, particularly in the areas of investment, savings, and financial literacy.

According to the company MNT-Halan provides small- and micro-business lending, payments, consumer finance and e-commerce.

Under the partnership, the two sides will collaborate in promoting platforms boosting financial literacy, financial inclusion, pension saving systems, and actuarial business in financial and economic sectors across the Arab countries.

The Association is focusing on an important segment in society this year, based on the recommendation of the Central Bank of Oman.

The Central Bank of Egypt formulated the Financial Inclusion Strategy (2022-2025), with the aim of the promotion of financial inclusion and the achievement of economic growth in Egypt.