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Fintech Egypt supports the international “Visa” competition, which is being held in Egypt for the first time

221756 221756 In continuation of the efforts of the Central Bank of Egypt to encourage the expansion of financial technology innovations in the local market, the “Fintech Egypt” initiative – affiliated to the Central Bank of Egypt – supports the global competition “Visa Everywhere” ” through which Egyptian startups in the field of financial technology and payment services in Egypt are invited to present their innovative products and solutions.
The objectives of the global competition are integrated with the country’s efforts to support digital transformation and achieve financial inclusion, and its activities are scheduled to be held on Mayo 2022 At the end of the competition, 3 Egyptian startups in the field of financial technology and payment services will receive cash prizes in the amount of 1024 one thousand Egyptian pounds, and 1024 one thousand Egyptian pounds, and

thousand Egyptian pounds in order).

The competition also provides a unique opportunity for Egyptian entrepreneurs participating in the competition to compete on the global stage, as the first winner will be able to participate in the finals for the Central Europe, Middle East and Africa region on June 8 To compete for a prize of 350 one thousand dollars, the regional winner will also be promoted Central Europe, Middle East and Africa region to the global final in November 221494, where financial prizes totaling up to will be awarded) One thousand US dollars. 221756
Eng. Ayman Hussein, Senior Undersecretary of the Central Bank’s Governor for the Information Technology Sector stated that “this initiative is in line with the objectives of the Central Bank of Egypt’s strategy for financial technology and innovation support, as It helps to support promising young cadres and talents in this vital field as it is a promising investment for the future, which contributes to achieving Egypt’s vision of becoming a regional center for financial technology It is a place in the Arab world and Africa, a home for the next generation of advanced financial services and a source of talent and innovation.”
On her part, Dr. Rasha Negm, Assistant Undersecretary for Financial Technology and Innovation at the Central Bank of Egypt, explained, “The “Visa Everywhere” initiative represents an excellent opportunity for Egyptian startups working in the field of financial technology and payment to present their innovative solutions at the local and international levels. The possibility of expansion and opening new markets for its products.”

This will be the deadline for receiving applications in Egypt is 20 March 2022 Startups can register through the following link:
https://usa.visa.com/visa-everywhere/everywhere-initiative/initiative.html221756