Strategy Note /
Egypt

Five reasons why Egypt offers a huge opportunity for fintechs

  • Egypt’s financial penetration is poor in an EM context – only around one-third of adults have a bank account

  • The fintech sector is small and skewed towards payments providers; limited competition means potential for sharp growth

  • The regulatory environment is improving and while fintechs have had limited funding so far, they could see robust growth

Five reasons why Egypt offers a huge opportunity for fintechs
Rahul Shah
Rahul Shah

Head of Financials Equity Research

Contributors
Rohit Kumar
Rabail Adwani
Tellimer Research
24 August 2021
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