Cairo, Oct 19 (Reuters) – Egypt’s Financial Regulatory Authority (FRA) approved six firms to provide non‑banking financial services using fintech, its chairman Islam Azzam said.
The approvals cover Wilzy Financial Holding for securities custody, Wilzy Securities Trading for trading activities, and two fintech start‑ups – Paymob Financing and MIDBANK Digital Financing – both aimed at small and medium enterprises. FRA also registered Fawry for Banking Technology and Electronic Payments as a fintech outsourcing provider, limited to its subsidiaries, and authorised Souhoola, Banque Misr’s consumer‑finance arm, to operate via V‑Lens.