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EGYPTNORTH AFRICAFINANCIAL SERVICESTECHNOLOGYFINTECH
Egypt’s financial sector is undergoing a historic transformation, reshaping how citizens and businesses interact with money. Over the past decade, deliberate policies by the Central Bank of Egypt (CBE) and other institutions have driven remarkable progress in financial inclusion, reducing reliance on cash and expanding access to digital financial services.
Yet, cash dependency and the informal economy remain persistent challenges. To address this, the CBE has intensified efforts to accelerate the transition toward a less-cash society, in line with Egypt Vision 2030 goals.
A landmark step in this strategy is the launch of soft electronic points-of-sale (POS) technology, which enables merchants to transform smartphones and tablets into secure payment terminals capable of accepting contactless card transactions.
