Klivver Payments Secures Regulatory Approval to Launch Consumer Finance Company [Cairo, Egypt – Klivvr Payments, a prominent fintech company, has received regulatory approval from the Financial Regulatory Authority (FRA) to establish a consumer finance company. This milestone underscores Klivvr’s commitment to expanding non-banking financial solutions, fostering financial inclusion, and empowering customers with innovative and secure […]
FRA Mandates Non-Banking Fintech and Insurance Companies to Verify Customer Mobile Numbers for Digital Transformation Push Cairo, Egypt – The Financial Regulatory Authority (FRA) has issued a new directive requiring non-banking fintech institutions and insurance companies to verify the validity of their customers’ mobile phone number ownership, according to an official statement. The decision is […]
In a move aimed at strengthening financial stability and enhancing the role of non-banking financial institutions in Egypt’s national economy, the Financial Regulatory Authority (FRA) has announced a one-year suspension on accepting new applications for the establishment and licensing of companies looking to engage in traditional microfinance and consumer finance activities. This suspension also applies […]